UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB



QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2007
Or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Commission file number: 333-127755


ASIA AUTOMOTIVE ACQUISITION CORPORATION


Delaware
(State or other jurisdiction of incorporation or organization)

20 -3022522
(I.R.S. Employer Identification No.)

199 Pierce Street, Suite 202 Birmingham, Michigan
(Address of principal executive offices)

48009
(Zip Code)

(248) 593-8330
Registrant's telephone number, including area code


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months, and
(2) has been subject to such filing requirements for the
past 90 days. Yes  No

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer. See
definition of "accelerated filer and large accelerated filer" in
Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer  Accelerated filer Non-accelerated filer

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).
Yes  No


As of March 31, 2007, 6,031,250 shares of the registrant's common
stock, par value $0.001 per share, were outstanding.









ASIA AUTOMOTIVE ACQUISITION CORPORATION
Table of Contents

PART I - FINANCIAL INFORMATION

Item 1.      Condensed Financial Statements
                 Condensed Balance Sheet
                 Condensed Statements of Operations
                 Condensed Statements of Cash Flows
                 Notes to Condensed Financial Statements
Item 2       Management 's Discussion and Analysis of Financial
             Condition and Results of Operations
Item 3.      Controls and Procedures


PART II  OTHER INFORMATION


Item 1.     Legal Proceedings
Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.     Defaults Upon Senior Securities
Item 4.     Submission of Matters to a Vote of Security Holders
Item 5.     Other Information
Item 6.     Exhibits

SIGNATURES



Item 1. Financial Statements.
<TABLE>
Asia Automotive Acquisition Corporation
(a corporation in the development stage)
CONDENSED BALANCE SHEET
<CAPTION>
                                        March 31, 2007          December 31, 2006
                                        (unaudited)             (audited)

                                     <C>                     <C>
ASSETS
Current assets
Cash and cash equivalents                  806,848                 384,162

Other assets
Deferred income taxes                      282,785
Cash held in trust account              38,668,941              38,726,883

Total assets                            39,758,574              39,111,045

LIABILITIES AND STOCKHOLDERS'
EQUITY

Current liabilities
Accrued expenses                           365,462                 111,750
Accrued taxes payable                      626,990                 458,109
Warrant liability                       10,476,485              11,166,563
Deferred underwriter's fee                 966,121                 966,121

Total current liabilities               12,435,058              12,702,543

Common stock, subject to possible        7,711,070               7,649,928
redemption, 1,005,746 shares at
redemption value plus interest
income(net of taxes) of
$231,212 and $170,070,
Respectively

STOCKHOLDERS' EQUITY

Preferred stock, $.001 par
value, authorized 1,000,000
shares; none issued and
outstanding

Common stock, $.001 par                      6,380                   6,380
value, authorized 39,000,000
shares; issued and outstanding
6,380,250 shares (of which
1,005,746 shares subject to
possible redemption)

Additional paid-in capital               22,327,433              22,327,433

Deficit accumulated during the           (2,721,367)             (3,575,239)
development stage

Total stockholders' equity               19,612,446              18,758,574

Total liabilities and                    39,758,574              39,111,045
stockholders' equity
</TABLE>
See notes to financial statements.

1



<TABLE>
Asia Automotive Acquisition Corporation
(a corporation in the development stage)
CONDENSED STATEMENTS OF OPERATIONS

Three Months Three Months June 20, 2005

<CAPTION>
                        Ended               Ended              (inception)
                                                               to
                        March 31, 2007      March 31, 2006     March 31, 2007
                        (unaudited)         (unaudited)        (unaudited)
<S>                     <C>                 <C>                <C>
Interest                470,559                                 1,779,442
income, net

Gain (loss              690,078                                (3,093,672)
) on warrant
Liability

Formation and          (359,527)                  (178)          (831,720)
operating costs

Income                  801,110                   (178)          2,145,950
(loss)
before taxes

Income taxes           (113,904)                                  (344,205)
benefit
( expense
)

Net income              915,014                   (178)         (2,490,155)
(loss)

Interest                 61,142                                    231,212
income
attributable
to common stock
subject to
possible
conversion
(net of
taxes)

Net income              853,872                                 (2,721,367)
(loss)
allocable to
common
stockholders
not subject
to possible
conversion
(net of
taxes)

Weighted
average shares
outstanding:

Basic                  6,380,250               6,380,250          4,039,052
Diluted                8,130,428               6,380,250          4,039,052

Net income                   .14                                       -.62
(loss)
per share,
basic

Net income                   .11                                       -.62
(loss)
per share,
diluted
</TABLE>
See notes to financial statements.

2



<TABLE>
Asia Automotive Acquisition Corporation
(a corporation in the development stage)

CONDENSED STATEMENTS OF CASH FLOWS
<CAPTION>
                             Three Months     Three Months     June 20, 2005
                             Ended            Ended            (Date of Inception)
                                                               to
                             March 31, 2007   March 31, 2006   March 31, 2007
                             (unaudited)      (unaudited)      (unaudited)

<S>                          <C>              <C>              <C>
Cash flows from
operating activities:

Net income                     915,014             (178)        (2,490,155)
(loss)

Adjustments to
reconcile net
income (loss)
to net cash provided
by (used in)
operations:

Deferred tax benefit          (282,785)                           (282,785)

Warrant liability             (690,078)                           3,093,672

Income taxes                   168,881                              626,990
Payable

Accrued expenses               253,712                              365,462

Net cash provided              364,744              (178)         1,313,184
by (used in)
operating activities

Net cash provided
by (used in)
investing
activities:

Cash held in                    57,942                          (38,668,941)
trust account

Cash flows from
financing activities:

Proceeds from                                      20,250            45,250
note payable
Proceeds from                                                        25,000
issuance of common
stock to existing
stockholders'

Proceeds from sale                                                      100
of option to the
Underwriter

Gross proceeds of                                                40,250,000
public offering

Repayment of notes                                                  (45,250)
payable to
Stockholders

Payments of                                        30,063        (2,112,495)
deferred offering
costs

Net cash provided                                  (9,813)       38,162,605
by (used in)
financing
Activities

Net increase                   422,686             (9,991)          806,848
(decrease)
in cash and cash
Equivalents

Cash and cash                  384,162              14,743
equivalents,
beginning of
Period

Cash and cash                  806,848               4,752          806,848
equivalents,
end of period

Supplemental
disclosure of
non-cash
financing
activity:
Deferred                                           168,000        1,207,500
underwriter's
fees

Increase in common               61,142                             231,212
stock subject to
conversion
</TABLE>
See notes to financial statements.

3



Asia Automotive Acquisition Corporation
(a corporation in the development stage)

Notes to Condensed Financial Statements
(Unaudited)


1. BASIS OF PRESENTATION
The accompanying unaudited condensed financial statements
have been prepared by the Company and reflect all
adjustments, consisting only of normal recurring
adjustments, which are, in the opinion of management,
necessary for a fair presentation of the financial position
as of March 31, 2007 and the financial results for the
three months ended March 31, 2007, in accordance with
accounting principles generally accepted in the United
States of America for interim financial statements and
pursuant to Form 10-QSB and Regulation SB.

Certain financial information and footnote disclosure
normally included in financial statements prepared in
accordance with accounting principles generally accepted in
the United States of America have been condensed or omitted
pursuant to such rules and regulations. The results of
operations for the three months ended March 31, 2007 are
not necessarily indicative of the results of operations to
be expected for a full fiscal year. These interim condensed
financial statements should be read in conjunction with the
financial statements for the fiscal year end December 31,
2006, which are included in the Company's annual 10-KSB
as filed with the Securities and Exchange Commission.


2. ORGANIZATION AND BUSINESS OPERATIONS

Asia Automotive Acquisition Corporation (the
"Company") was incorporated in Delaware on June
20, 2005 as a blank check company formed to acquire,
through merger, capital stock exchange, asset acquisition
or other similar business combination, a business in the
automotive supplier industry. The Company has neither
engaged in any operations nor generated revenues to date.
The Company is considered to be in the development stage
and is subject to the risks associated with activities of
development stage companies. The Company has elected
December 31st as its fiscal year end.

The registration statement for the Company's initial
public offering (the "Public Offering") was
declared effective on April 11, 2006. The Company
consummated the Public Offering on April 18, 2006 and
received net proceeds of approximately $ 37,171,000. The
Company's management has broad discretion with respect
to the specific application of the net proceeds of the
Public Offering (the "Offering") (as
described in Note 3), although substantially all of the
net proceeds of the Offering are intended to be generally
applied toward consummating a business combination with a
target company. As used herein, a "target business"
shall include an operating business in the security
industry and a "business combination" shall mean the
acquisition by the Company of a target business.

Of the proceeds of the Offering, $37,418,000 (plus
interest income) is being held in a trust account
("Trust Account") and invested until the
earlier of (i) the consummation of the first business
combination or (ii) the distribution of the Trust
Account as described below. The amount in the Trust Account
include $ 1,207,500 of contingent underwriting
compensation, which will be paid to the underwriters if a
business combination is consummated, but which will be
forfeited in part if public stockholders elect to have
their shares redeemed for cash if a business combination is
not consummated. Deferred underwriter's fee is reflected
on the balance sheet at  $966,121, an additional
$241,379 is included in common stock, subject to
possible conversion, for a total of $1,207,500.  The
remaining proceeds may be used to pay for business, legal
and accounting due diligence on prospective acquisitions
and continuing general and administrative expenses.



2. ORGANIZATION AND BUSINESS OPERATIONS (CONTINUED)

The Company, after signing a definitive agreement for the
acquisition of a target business, will submit such
transaction for stockholder approval. In the event that
public stockholders owning a majority of the outstanding
stock sold in the Offerings vote against the business
combination and elect to have the Company redeem their
shares for cash, including all of the officers and
directors of the Company ("Initial
Stockholders"), have agreed to vote their 1,349,000
founding shares of common stock in accordance with the vote
of the majority in interest of all other stockholders of
the Company with respect to any business combination and to
vote any shares they acquire in the aftermarket in favor of
the business combination. After consummation of the
Company's first business combination, all of these
voting safeguards will no longer be applicable.

With respect to the first business combination which is
approved and consummated, any holder of shares sold in the
Public Offering, other than the Initial Stockholders and
their nominees (the "Public Stockholders") who
voted against the business combination may demand that the
Company redeem his or her shares. The per share redemption
price will equal $ 7.44 per share plus interest earned
thereon in the Trust Account. Accordingly, Public
Stockholders holding 19.99% of the aggregate number of
shares sold in this offering and the private placement may
seek redemption of their shares in the event of a business
combination.

The Company's Certificate of Incorporation provides for
mandatory liquidation of the Company, without stockholder
approval, in the event that the Company does not consummate
a business combination within 18 months from the date of
consummation of the Public Offering, or 24 months from the
consummation of the Public Offering if certain extension
criteria have been satisfied. The Initial Stockholders have
waived their right to liquidation distributions with
respect to the shares of common stock included in such
units. Accordingly, in the event of such liquidation, the
amount in the Trust Account will be distributed to the
holders of the shares sold in the Public Offering.


3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Common stock:

On January 23, 2006, the Company effected a stock split in
the form of a dividend of .233 shares of common stock for
each outstanding share of common stock.  All references in
the accompanying financial statements to the number of
shares of common stock and loss per share have been
retroactively restated to reflect these transactions.

Warrant liability:

The Company has outstanding warrants, which provides for
the Company to register the shares underlying the warrants
and is silent as to the penalty to be incurred in the
absence of the Company's ability to deliver registered
shares to the warrant holders upon warrant exercise. Under
EITF No. 00-19 "Accounting for Derivative Financial
Instruments Indexed to, and Potentially Settled in, a
Company's Own Stock" ("EITF No. 00-19"),
registration of the common stock underlying the
Company's warrants is not within the Company's
control.  As a result, the company must assume that it
could be required to settle the warrants on a net-cash
basis, thereby necessitating the treatment of the potential
settlement obligation as a liability.  Further EITF No. 00-
19, requires the Company to record the potential settlement
liability at each reporting date using the current
estimated fair value of the warrants, with any changes
being recorded through the Company's statement of
operations.  The potential settlement obligation related to
the warrants will continue to be reported as a liability
until such time that the warrants are exercised, expire, or
the Company is otherwise  able to modify the registration
requirements in the warrant agreement to remove the
provisions which require this treatment.  The fair value of
the warrant liability is determined using the trading value
of the warrants.


3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(CONTINUED)

Income (loss) per common share:

Income (loss) per common share is based on the
weighted average number of common shares outstanding. The
Company complies with SFAS No. 128, "Earnings Per
Share."  SFAS No. 128 requires dual presentation of
basic and diluted income per share for all periods
presented.  Basic loss per share excludes dilution and is
computed by dividing income available to common
stockholders by the weighted average number of common
shares outstanding for the period. Diluted loss per share
reflects the potential dilution that could occur if
securities or other contracts to issue common stock were
exercised or converted  into common stock or resulted in
the issuance of common stock that then share in the income
of the Company.

Since the effects of the outstanding warrants are anti-
dilutive, it has been excluded from the computation of loss
per common share.

Use of estimates:

The preparation of financial statements in conformity with
accounting principles generally accepted in the United
States of America requires management to make estimates and
assumptions that affect the reported amounts of contingent
assets and contingent liabilities at the date of the
financial statements and the reported amounts of expenses
during the reporting period. Actual results could differ
from those estimates.

Income taxes:

The Company complies with the Financial Accounting
Standards Board ("FASB") SFAS 109,
"Accounting for Income Taxes," which requires an
asset and liability approach to financial accounting and
reporting for income taxes.  Deferred income tax assets and
liabilities are computed for differences between the
financial statement and tax bases of assets and liabilities
that will result in future taxable or deductible amounts,
based on enacted tax laws and rates applicable to the
periods in which the differences are expected to affect
taxable income.  Valuation allowances are established, when
necessary, to reduce deferred tax assets to the amount
expected to be realized.

Effective January 1, 2007, the Company adopted the
provisions of the Financial Accounting Standards Board
("FASB") Interpretation No. 48, "Accounting
for Uncertainty in Income Taxes - an interpretation of FASB
Statement No. 109" ("FIN 48"). There were no
unrecognized tax benefits as of January 1, 2007 and as of
March 31, 2007.  FIN 48 prescribes a recognition threshold
and a measurement attribute for the financial statement
recognition and measurement of tax positions taken or
expected to be taken in a tax return.  For those benefits
to be recognized, a tax position must be more-likely-than-
not to be sustained upon examination by taxing
authorities.  The Company recognizes accrued interest and
penalties related to unrecognized tax benefits as income
tax expense.  No amounts were accrued for the payment of
interest and penalties at January 1, 2007. There was no
change to this balance at March 31, 2007.  Management is
currently unaware of any issues under review that could
result in significant payments, accruals or material
deviations from its position. The adoption of the
provisions of FIN 48 did not have a material impact on the
Company's financial position, results of operations and
cash flows.

Cash and cash equivalents:

The Company considers all highly liquid investments
purchased with an original maturity of three months or less
to be cash equivalents.

Recently issued accounting standards:

In September 2006, the Statement of Financial Accounting
Standard No. 157, Fair Value Measurements ("SFAS
157"), was issued and is effective for fiscal years
beginning after November 15, 2007. SFAS 157 defines fair
value, establishes a framework for measuring fair value and
expands disclosures about fair value measurements.
Management is currently evaluating the impact the adoption
of SFAS 157 will have on the Company's financial
statements and their disclosures and its impact has not yet
been determined.

4. THE OFFERING

On April 18, 2006, the Company sold 5,031,250 units
(including the underwriters full exercise of an over
allotment option with respect to 656,250 units) to the
public at a price of $8.00 per unit. Each unit consists
of one share of the Company's common stock, $0.001
par value, and one redeemable common stock purchase warrant
("warrant"). Each warrant entitles the holder
to purchase from the Company one share of common stock at
an exercise price of $5.00 commencing the later of the
completion of a business combination with a target business
or April 10, 2007 and expiring April 11, 2012.  The
warrants are redeemable at a price of $.01 per warrant
upon 30 days notice after the warrants become exercisable,
only in the event that the last sale price of the common
stock is at least $10.00 per share for any 20 trading
days within a 30 trading day period ending three business
days before we send the notice of redemption.


5. INCOME TAXES

Income tax expense for the three months ended March 31,
2007 was approximately $129,000.  The expense is for
current federal income taxes. The effective income tax rate
was 16% which differs from the statutory rate of 34%
principally due to a permanent difference due to the
unrealized loss on the warrant liability.


6. COMMITMENTS AND RELATED PARTY TRANSACTIONS

The Company presently occupies office space provided by
Asia Development Capital LLC ("ADC"), an
affiliate and stockholder of the Company.  ADC has agreed
that, until the Company consummates a business combination,
it will make such office space, as well as certain office
and secretarial services, available to the Company, as may
be required by the Company from time to time.  The Company
has agreed to pay such affiliate $7,500 per month for
such services commencing on the effective date of the
Offering, April 18, 2006.

The Company has engaged Rodman & Renshaw, the
representative of the underwriters, on a non-exclusive
basis, as the Company's agent for the solicitation of
the exercise of the warrants.  To the extent not
inconsistent with the guidelines of the NASD and the rules
and regulations of the SEC, the Company has agreed to pay
the representative for bona fide services rendered a
commission equal to 2.5% of the exercise price for each
warrant exercised more than one year after the date of the
prospectus if the exercise was solicited by the
underwriters.  In addition to soliciting, either orally or
in writing, the exercise of the warrants, the
representative's services may also include disseminating
information, either orally or in writing, to warrant
holders about the Company or the market for our securities,
and assisting in the processing of the exercise of the
warrants.  No compensation will be paid to the
representative upon the exercise of the warrants if:

* the market price of the underlying shares of common stock
is lower than  the exercise price;
* the holder of the warrants has not confirmed in writing
that the
  underwriters solicited the exercise;
* the warrants are held in a discretionary account;
* the warrants are exercised in an unsolicited transaction;
or
* the arrangement to pay the commission is not disclosed in
the prospectus provided to warrant holders at the time of
exercise.

The Company has sold to Rodman & Renshaw, LLC (the
"Representative" of the underwriters), for
$100, as additional compensation, an option to purchase
up to a total of 350,000 units at a per-unit price of
$10.00.  The units issuable upon exercise of this option
are also identical to those offered by the Offering except
that the warrants included in the option have an exercise
price of $6.65 (133% of the exercise price of the
warrants included in the units sold in the offering.)
The Company will pay the underwriters in the Offering an
underwriting discount of 7% of the gross proceeds of
this Offering (of which 3% is deferred until the
consummation of a business combination).

6. COMMITMENTS AND RELATED PARTY TRANSACTIONS
(CONTINUED)

The sale of the option will be accounted for as an equity
transaction. Accordingly, there will be no net impact on
the Company's financial position or results of
operations, except for the recording of the $100
proceeds from the sale.  The Company has determined, based
upon a Black-Scholes model, that the fair value of the
option on the date of sale would be approximately $3.10
per unit, or $1,086,001 total, using an expected life of
five years, volatility of 45.47% and a risk-free
interest rate of 4.39%.

The volatility calculation of 45.47% is based on the
365-day average volatility of a representative sample of
ten (10) companies with market capitalizations under
$500 million that management believes to be engaged in
the business of auto component parts (the "Sample
Companies").  Because the Company does not have a
trading history, the Company needed to estimate the
potential volatility of its common stock price, which will
depend on a number of factors which cannot be ascertained
at this time.  The Company referred to the 365-day average
volatility of the Sample Companies because management
believes that the average volatility of such companies is a
reasonable benchmark to use in estimating the expected
volatility of the Company's common stock post-business
combination.  Although an expected life of five years was
taken into account for purposes of assigning a fair value
to the option, if the Company does not consummate a
business combination within the prescribed time period and
liquidates, the option would become worthless.

Pursuant to letter agreements with the Company and the
Representative, the Initial Stockholders have waived their
right to receive distributions with respect to their
founding shares upon the Company's liquidation.

Certain of the Company's officers, directors, or their
designees have agreed with the Representative that upon
consummation of the Offering and during the 45 trading day
period commencing on the later of the date that the
securities comprising the units begin separate trading or
60 days following the consummation of the Offering, that
they will purchase up to 320,000 warrants in the public
marketplace at prices not to exceed $1.40 per Warrant.
As of March 31, 2007, William R Herren, Mr. Rudy Wilson,
Chun Hao and Asia Development Capital held 290,000 warrants
to purchase the Company's securities.

The Initial Stockholders will be entitled to registration
rights with respect to their founding shares pursuant to an
agreement to be signed prior to or on the effective date of
the Offering.  The holders of the majority of these shares
are entitled to make up to two demands that the Company
register these shares at any time commencing three months
prior to the third anniversary of the effective date of the
Offering. In addition, the Initial Stockholders have
certain "piggy-back" registration rights on
registration statements filed subsequent to the third
anniversary of the effective date of the Offering.

Rodman & Renshaw has entered into a letter agreement with
us pursuant to which it agreed to purchase up to 125,000
warrants in the public marketplace at prices not to exceed
$1.40 per warrant during the 45 trading day period
commencing on the later of the date separate trading of the
warrants has commenced or 60 days following the
consummation of this offering.

Chardan Capital Markets has entered into a letter agreement
with us pursuant to which it agreed to purchase up to
125,000 warrants in the public marketplace at prices not to
exceed $1.40 per warrant during the 45 trading day
period commencing on the later of the date separate trading
of the warrants has commenced or 60 days following the
consummation of this offering.

On February 8, 2006, five stockholders entered into five
separate letter agreements with the representatives of the
underwriters pursuant to which they agreed to purchase in
aggregate up to $2,000,000 in warrants at prices not to
exceed $1.40 per warrant during the 45 day trading
period commencing on the later of the date separate trading
of the Warrants has commenced or 60 calendar days following
the consummation of the Offering. These entities have
agreed that any warrants purchased by them pursuant to this
agreement will not be sold or transferred until after a
completed business combination. As of March 31, 2007, these
five stockholders held 20,000 warrants to purchase the
Company's securities.

7. PREFERRED STOCK

The Company is authorized to issue 1,000,000 shares of
preferred stock with such designations, voting and other
rights and preferences as may be determined from time to
time by the Board of Directors.


Item  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION

This Quarterly Report on Form 10-QSB includes forward-
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.  We have based
these forward-looking statements on our current
expectations and projections about future events. These
forward-looking statements are subject to known and unknown
risks,uncertainties and assumptions about us that may cause
our actual results, levels of activity, performance or
achievements to be materially different from any future
results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements.
In some cases, you can identify forward-looking statements
by terminology such as "may," "should,"
"could," "would,""expect," "plan,"
"anticipate," "believe," "estimate,"
"continue," or the negative of such terms or other
similar expressions. Factors that might cause or contribute
to such a discrepancy include, but are not limited to,
those described in our other Securities and Exchange
Commission filings. The following discussion should be read
in conjunction with our Financial Statements and related
Notes thereto included elsewhere in this report.

We were formed on June 20, 2005, to serve as a vehicle to
effect a merger, capital stock exchange, asset acquisition
or other similar business combination with an operating
business.  Our initial business combination must be with a
target business or businesses whose fair market value is at
least equal to 80% of net assets at the time of such
acquisition.  We intend to utilize cash derived from the
proceeds of our recently completed public offering, our
capital stock, debt or a combination of cash, capital stock
and debt, in effecting a business combination.

Since our initial public offering, we have been actively
engaged in sourcing a suitable business combination
candidate. We have met with target companies, service
professionals and other intermediaries to discuss with them
our company, the background of our management and our
combination preferences. In the course of these
discussions, we have also spent time explaining the capital
structure of the initial public offering, the combination
approval process, and the timeline under which we are
operating before the proceeds of the offering are returned
to investors.

Most of the activity from June 20, 2005 (inception)
to March 31, 2007 relates to the Company's formation and
public offering described below.

Three Months Ended March 31, 2007

For the three months ended March 31, 2007, we had net
income of approximately $672,000 consisting of interest
income of $471,000, a gain on warrant liability of
approximately $691,000 and formational operating costs
of $360,000. Interest income is derived primarily from
investment of our cash balances held in trust, which
aggregated approximately $38,669,000 at March 31, 2007.
The cash balance held in trust is invested primarily in
treasury bills.

Three Months Ended March 31, 2006

For the three months ended March 31, 2006, we had net loss
of approximately $200 consisting of formation and
operating costs prior to our initial public offering.

LIQUIDITY AND CAPITAL RESOURCES

On April 19, 2006, we consummated our initial public
offering of 5,031,250 units including an additional 656,250
units that were subject to the underwriters' over-
allotment option. Each unit consists of one share of common
stock and one redeemable common stock purchase warrant.
Each warrant entitles the holder to purchase from us one
share of our common stock at an exercise price of $5.00.

Of the proceeds of the Offering, $37,418,000 (plus
interest expense) is being held in a trust account
("Trust Account") and invested until the
earlier of (i) the consummation of the first business
combination or (ii) the distribution of the Trust
Account as described below. The amount in the Trust Account
includes $1,207,500 of contingent underwriting
compensation, which will be paid to the underwriters if a
business combination is consummated, but which will be
forfeited in part if public stockholders elect to have
their shares redeemed for cash if a business combination is
not consummated. Deferred underwriter's fee is reflected
on the balance sheet at  $966,121, an additional
$241,379 is included in common stock, subject to
possible conversion, for a total of $1,207,500.  The
remaining proceeds may be used to pay for business, legal
and accounting due diligence on prospective acquisitions
and continuing general and administrative expenses.

We pay Asia Development Capital LLC., an affiliate, an
aggregate fee of $7,500 per month which includes the
cost of the office space and the cost of other general and
administrative services provided to us by such affiliate.


Item 3. CONTROLS AND PROCEDURES

There has not been any change in our internal control over
financial reporting in connection with the evaluation
required by Rule 13a-15(d) under the Exchange Act
that occurred during the quarter ended March 31, 2007, that
has materially affected, or is reasonably likely to
materially affect, our internal control over financial
reporting.


PART II  OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

There are no material legal proceedings pending against us.

Item 2 DEFAULTS UPON SENIOR SECURITIES

Not Applicable

Item 3. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
        PROCEEDS

Not Applicable

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not Applicable.

Item 5. OTHER INFORMATION

Not Applicable.

Item 6. EXHIBITS


Exhibit No. 	Description of Exhibits

31.1     Section 302 Certification of Principal Executive
         Officer
32.1     Section 906 Certification



SIGNATURES

Pursuant to the requirements of Section 13 or 15(d)
of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date: May 16, 2007

By: /s/William R. Herren
       William R. Herren
       Chairman
       (Principal Executive Officer)

By: /s/Rudy Wilson
       Rudy Wilson
       Chief Executive Officer
(Principal Executive Officer)

By: /s/David J. Brophy
       David J. Brophy
       Chief Financial Officer
(Principal Financial and Accounting Officer)

Exhibit 31.1 CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER

I, William R. Herren, certify that:
1. I have reviewed this Quarterly Report on Form 10-QSB of
Asia Automotive Acquisition Corporation;

2. Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in
light of the circumstances under which such statements
were made, mot misleading with respect to the period
covered by this report;

3. Based on my knowledge, the financial statements, and
other financial information included in this report, fairly
present in all material respects the financial condition,
results of operations and cash flows of the registrant as
of, the periods presented in this report;

4. The registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) for the
registrant and we have:

a) designed such disclosure controls and procedures, or
caused suchdisclosure controls and procedures to be
designed under our supervision, to ensure that material
information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in
which this report is being prepared;

b) evaluated the effectiveness of the registrant's
disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end
of the period covered by this report based on such
evaluation; and

c) disclosed in this report any change in the
registrant's internal control over financial reporting
that occurred during the registrant's most recent fiscal
quarter (the registrant's fourth fiscal quarter in
the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control overbfinancial reporting;
and

5. The registrant's other certifying officers and I have
disclosed, based on our most recent evaluation of internal
control over financial reporting, to the registrant's
auditors and the audit committee of the registrant's
board of directors (or persons performing the
equivalent functions):

a) all significant deficiencies and material weaknesses
in the design or operation of internal control over
financial reporting which are reasonably likely to
adversely affect the registrant's ability to record,
process, summarize and report financial information; and

b) any fraud, whether or not material, that involves
management or other employees who have a significant role
in the registrant's internal control over financial
reporting.

Dated: May 16, 2007
/s/ William R. Herren

    William R. Herren

    Chairman of the Board




Exhibit 32.1   CERTIFICATION

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(Subsections (a) and (b) of Section 1350,
Chapter 63 of Title 18, United States Code)

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002
(subsections (a) and (b) of section 1350,
chapter 63 of title 18, United States Code), each of the
undersigned officers of Asia Automotive Acquisition
Corporation, a Delaware corporation (the
"Company"), does hereby certify, to such
officer's knowledge, that:

The Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2007 (the "Form 10-QSB") of the
Company fully complies with the requirements of section
13(a) or 15(d) of the Securities Exchange Act
of 1934, and information contained in the Form 10-QSB
fairly presents, in all material aspects, the
financial condition and results of operations of the
Company.

Dated: May 16, 2007
      /s/William R. Herren
         William R. Herren
         Chairman of the Board

      /s/Rudy Wilson
         Rudy Wilson
         Chief Executive Officer

     /s/David J. Brophy
        David J. Brophy
        Chief Financial Officer

A signed original of this written statement required by
Section 906 has been provided to the Company and will be
retained by the Company and furnished to the Securities and
Exchange Commission or its staff upon request.



Exhibit No. 	Description of Exhibits
31.1 	Section 302 Certification of Principal Executive
	Officer
32.1 	Section 906 Certification


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