A blue Seat Leon car was involved in a collision with a silver Citroen C2 at about 02:15 on Saturday on the Newmachar to Dyce road near the Swailend bridge.
The 17-year old passenger of the silver car was seriously injured and was taken to Aberdeen Royal Infirmary.
Police have confirmed that he died as a result of his injuries. Another three people were also taken to hospital.
Part of the route was closed but has now reopened.
Crews from the Scottish Fire and Rescue Service and the Scottish Ambulance Service were also in attendance.
A police spokesman said: "Following a two vehicle collision on the A947 Newmachar to Dyce road, Aberdeenshire, a 17-year-old man has now sadly died.
"The collision, between a blue Seat Leon and a silver Citroen C2, happened at about 02:15 on Saturday 12 March 2016.
"The four occupants of the cars were taken to Aberdeen Royal Infirmary following the collision, however the 17 year old passenger of the silver Citroen died today as a result of his injuries.
"Anyone who saw the collision or either of these vehicles on the road prior to the incident is asked to contact Police Scotland on 101."
A teenage boy has died after a crash on the A947 Newmachar to Dyce road.