Police have arrested a 20-year-old man in relation to a hit and run on Matirerau Street in Whakatāne on Tuesday, June 21.

"The man will appear in Whakatāne District Court tomorrow, charged with wounding with intent to cause grievous bodily harm," says a police spokesperson.

Police have also located the white sedan believed to be involved.

"The victim remains in a serious but stable condition in Waikato Hospital.

"The investigation into this incident remains ongoing and we would like to hear from anyone with information who has not yet spoken to Police.

"If you can help, please get in touch via 105 and quote file number 220622/4714."

Information can also be provided anonymously to the police via Crime Stoppers on 0800 555 111 or via www.crimestoppers-nz.org