It happened around 8:30 p.m. Wednesday on East Hunting Park Avenue at G Street.
Police say two women were inside a 2005 silver Jaguar that was traveling at a high rate of speed when the driver lost control and struck a tree.
Authorities say the 22-year-old passenger died of her injuries at the scene. She has been identified as Jahzia Williams of Philadelphia.
The 22-year-old female driver was taken to the hospital in critical condition.
The investigation is active and ongoing with Accident Investigation Division.