---
title: "ASM vs AIKO - Brand Comparison | ComparePV"
description: "Compare ASM vs AIKO solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/asm-vs-aiko"
---

# ASM vs AIKO

AIKO has the broader catalog (144 vs 1 models). AIKO leads on peak efficiency at 25.20%. AIKO leans bifacial (24% of lineup).


## The two companies


| Attribute | ASM | AIKO |
| --- | --- | --- |
| Country | Australia | China |
| Headquarters | Hallam, Victoria | Shanghai |
| Founded | 2009 | 2009 |
| Employees | 1-10 |  |
| Annual capacity |  |  |
| Tier 1 | no | yes |
| Listed |  | SZSE: 600732 |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.aikosolar.com](https://www.aikosolar.com) |

Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting...


## Catalog & Power


| Measure | ASM | AIKO | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 144 | +143 |
| Max Power | 170 W | 805 W | +635 W |
| Avg Power | 170 W | 581 W | +411 W |


## Efficiency


| Measure | ASM | AIKO | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 25.20% | +9.20 pp |
| Avg Efficiency | 16.00% | 23.65% | +7.65 pp |


## Reliability & Warranty


| Measure | ASM | AIKO | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.271%/°C | +0.167 |
| Bifacial Share | 0 (0%) | 35 (24%) | +24 pp |
| Avg Warranty | - | 29.5 yrs |  |


## Efficiency distribution

AIKO skews to higher efficiency: 85% of lineup is 23%+


| Efficiency band | ASM | AIKO |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 3 (2.1%) |
| 20-21% | 0 | 3 (2.1%) |
| 21-22% | 0 | 3 (2.1%) |
| 22-23% | 0 | 12 (8.3%) |
| 23%+ | 0 | 123 (85.4%) |


## Power distribution

AIKO offers more 600W+ panels (60% of lineup)


| Power band | ASM | AIKO |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 2 (1.4%) |
| 400-499W | 0 | 50 (34.7%) |
| 500-599W | 0 | 5 (3.5%) |
| 600-699W | 0 | 78 (54.2%) |
| 700W+ | 0 | 9 (6.2%) |


## Cell technology

Dominant cell tech: **Back Contact** (83%)


| Technology | ASM | AIKO |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| Back Contact | 0 | 119 (82.6%) |
| N-type | 0 | 17 (11.8%) |
| PERC | 0 | 7 (4.9%) |
| Flexible | 0 | 1 (0.7%) |


## Top panels, ASM


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline |


## Top panels, AIKO


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [AIKO-A805-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a805-grh78dw) | 805 | 25.1 | -0.260 | Monocrystalline |
| 2 | [AIKO-A800-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a800-grh78dw) | 800 | 24.9 | -0.260 | Monocrystalline |
| 3 | [AIKO-A795-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a795-grh78dw) | 795 | 24.8 | -0.260 | Monocrystalline |
| 4 | [AIKO-A790-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a790-grh78dw) | 790 | 24.6 | -0.260 | Monocrystalline |
| 5 | [AIKO-A785-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a785-grh78dw) | 785 | 24.4 | -0.260 | Monocrystalline |
| 6 | [AIKO-A780-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a780-grh78dw) | 780 | 24.3 | -0.260 | Monocrystalline |
| 7 | [AIKO-A775-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a775-grh78dw) | 775 | 24.1 | -0.260 | Monocrystalline |
| 8 | [AIKO-A770-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a770-grh78dw) | 770 | 24.0 | -0.260 | Monocrystalline |
| 9 | [AIKO-A700-MAE78Dw](https://comparepv.com/panel/aiko-aiko-a700-mae78dw) | 700 | 25.0 | -0.260 | Monocrystalline |
| 10 | [AIKO-A695-MAE78Dw](https://comparepv.com/panel/aiko-aiko-a695-mae78dw) | 695 | 24.9 | -0.260 | Monocrystalline |


## Summary

ASM (Australian Solar Manufacturing) and AIKO represent fundamentally different tiers of the global solar industry. ASM is a small Australian panel assembler based in Keysborough, Victoria, that assembles modules from imported components sourced from Germany, Japan, the USA, and China, producing monocrystalline panels in the 170-200 watt range - a specification that reflects an older era of residential solar. No Tier 1 or BloombergNEF bankability designation has been identified for ASM in available industry sources, and its production scale appears to be modest by any contemporary measure. AIKO, by contrast, is Shanghai Aiko Solar Energy Co., Ltd., a Chinese manufacturer founded in 2009 that achieved BloombergNEF Tier 1 status in Q3 2024 and operates approximately 20 gigawatts of annual production capacity across six manufacturing facilities. With over 17,000 employees and 20 global branches, AIKO carries a substantially stronger institutional footprint than ASM by any standard metric.

The two manufacturers occupy very different product spaces. ASM's catalog - centered on sub-200 watt monocrystalline modules - is better suited to niche or legacy Australian residential installations where locally assembled products are a priority, though the panels lag well behind modern efficiency standards. AIKO has built its reputation around proprietary N-type ABC (All Back Contact) cell technology, a design that relocates all electrical contacts to the rear of the cell to eliminate front-side shading losses. Its Neostar series (440-470 watts) targets residential rooftops, the Comet series (600-650 watts) addresses commercial and industrial ground-mount projects, and the company demonstrated a certified module efficiency of 25.2% at Intersolar Munich in 2024, placing it among the most efficient mass-produced panels available. AIKO panels also ranked among top performers in the 2024 PV Top Performers List and won the SolarQuotes Installers Choice Award for best solar panels in 2025.

For a typical buyer in 2025, AIKO is the clear default choice between these two. Its Tier 1 bankability, advanced cell technology, competitive 30-year performance warranty, and global service network address the core requirements of both residential and commercial projects. ASM may appeal specifically to buyers with a strong preference for locally assembled Australian product, but that advantage comes at the cost of significantly lower power output, no established bankability rating, and limited third-party performance data. These are not interchangeable options for the same buyer.

\---LINKS---

\- https://www.solarquotes.com.au/panels/aiko-solar-review.html \| AIKO Solar panels review - SolarQuotes Australia \| review

\- https://www.pv-magazine.com/2024/06/19/aiko-presents-abc-solar-module-with-world-record-efficiency-of-25-2-at-intersolar/ \| Aiko presents ABC module with world record 25.2% efficiency at Intersolar \| article

\- https://www.enfsolar.com/asm \| Australian Solar Manufacturing company profile - ENF Solar directory \| article

\- https://www.solarfeeds.com/biz/australian-solar-manufacturing-pty-ltd/ \| Australian Solar Manufacturing company overview - SolarFeeds \| article

\- https://www.vicoexport.com/en/54918/aiko-obtains-level-1-recognition-from-bloombergnef/ \| AIKO obtains BloombergNEF Tier 1 recognition \| article

Sources:

\- \[AIKO Solar panels review - SolarQuotes\](https://www.solarquotes.com.au/panels/aiko-solar-review.html)

\- \[Aiko presents ABC module world record 25.2% efficiency - PV Magazine\](https://www.pv-magazine.com/2024/06/19/aiko-presents-abc-solar-module-with-world-record-efficiency-of-25-2-at-intersolar/)

\- \[Australian Solar Manufacturing - ENF Solar directory\](https://www.enfsolar.com/asm)

\- \[Australian Solar Manufacturing overview - SolarFeeds\](https://www.solarfeeds.com/biz/australian-solar-manufacturing-pty-ltd/)

\- \[AIKO obtains BloombergNEF Tier 1 recognition - Vico Export\](https://www.vicoexport.com/en/54918/aiko-obtains-level-1-recognition-from-bloombergnef/)

Written by claude-sonnet from the figures above.


## Other comparisons

- [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy)
- [AE Solar vs AIKO](https://comparepv.com/ae-solar-vs-aiko)
- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)
- [AKCOME vs AIKO](https://comparepv.com/akcome-vs-aiko)
- [ASM vs ARTsolar](https://comparepv.com/asm-vs-artsolar)
- [AU Optronics vs AIKO](https://comparepv.com/au-optronics-vs-aiko)


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Source: https://comparepv.com/asm-vs-aiko

Not in this file, on the page: the distributions above drawn as charts.