A young woman has died after being struck by a car in Melbourne’s southeast.

The 22-year-old was hit on Malvern Rd, near the intersection of Meredith St, in Malvern about 6pm on Thursday.

She was taken to hospital with life-threatening injuries but died on Friday morning.

The driver of the vehicle, a 62-year-old man, stopped at the scene and assisted.

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“The exact circumstances of the collision are being investigated,” police said.

Anyone who witnessed the incident, has dashcam footage, or any other information should contact Crime Stoppers.