--- title: "ASM vs EGing PV - Brand Comparison | ComparePV" description: "Compare ASM vs EGing PV solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background." source: "https://comparepv.com/asm-vs-eging-pv" --- # ASM vs EGing PV EGing PV has the broader catalog (131 vs 1 models). EGing PV leads on peak efficiency at 22.45%. EGing PV leans bifacial (39% of lineup). ## The two companies | Attribute | ASM | EGing PV | | --- | --- | --- | | Country | Australia | China | | Headquarters | Hallam, Victoria | Changzhou | | Founded | 2009 | 2003 | | Employees | 1-10 | | | Annual capacity | | | | Tier 1 | no | yes | | Listed | | SZSE: 600537 | | Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.egingpv.com](https://www.egingpv.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 | EGing PV | Margin | | --- | --- | --- | --- | | Panel Models | 1 | 131 | +130 | | Max Power | 170 W | 685 W | +515 W | | Avg Power | 170 W | 504 W | +334 W | ## Efficiency | Measure | ASM | EGing PV | Margin | | --- | --- | --- | --- | | Max Efficiency | 16.00% | 22.45% | +6.45 pp | | Avg Efficiency | 16.00% | 20.90% | +4.90 pp | ## Reliability & Warranty | Measure | ASM | EGing PV | Margin | | --- | --- | --- | --- | | Avg Temp Coefficient | -0.438%/°C | -0.336%/°C | +0.102 | | Bifacial Share | 0 (0%) | 51 (39%) | +39 pp | | Avg Warranty | - | 26.9 yrs | | ## Efficiency distribution | Efficiency band | ASM | EGing PV | | --- | --- | --- | | \<20% | 1 (100.0%) | 13 (9.9%) | | 20-21% | 0 | 58 (44.3%) | | 21-22% | 0 | 51 (38.9%) | | 22-23% | 0 | 9 (6.9%) | ## Power distribution EGing PV offers more 600W+ panels (22% of lineup) | Power band | ASM | EGing PV | | --- | --- | --- | | \<400W | 1 (100.0%) | 25 (19.1%) | | 400-499W | 0 | 40 (30.5%) | | 500-599W | 0 | 37 (28.2%) | | 600-699W | 0 | 29 (22.1%) | ## Cell technology Dominant cell tech: **PERC** (76%) | Technology | ASM | EGing PV | | --- | --- | --- | | Unknown | 1 (100.0%) | 0 | | PERC | 0 | 100 (76.3%) | | TOPCon | 0 | 31 (23.7%) | ## 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, EGing PV | # | Model | Power | Efficiency | Temp. coefficient | Technology | | --- | --- | --- | --- | --- | --- | | 1 | [EG-685NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-685nt66-hu-bf-dg) | 685 | 22.1 | -0.300 | Monocrystalline | | 2 | [EG-680NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-680nt66-hu-bf-dg) | 680 | 21.9 | -0.300 | Monocrystalline | | 3 | [EG-675NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-675nt66-hu-bf-dg) | 675 | 21.7 | -0.300 | Monocrystalline | | 4 | [EG-670NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-670nt66-hu-bf-dg) | 670 | 21.6 | -0.300 | Monocrystalline | | 5 | [EG-670M66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-670m66-hu-bf-dg) | 670 | 21.6 | -0.340 | Monocrystalline | | 6 | [EG-670M66-HUV](https://comparepv.com/panel/eging-pv-eg-670m66-huv) | 670 | 21.6 | -0.340 | Monocrystalline | | 7 | [EG-665NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-665nt66-hu-bf-dg) | 665 | 21.4 | -0.300 | Monocrystalline | | 8 | [EG-665M66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-665m66-hu-bf-dg) | 665 | 21.4 | -0.340 | Monocrystalline | | 9 | [EG-665M66-HUV](https://comparepv.com/panel/eging-pv-eg-665m66-huv) | 665 | 21.4 | -0.340 | Monocrystalline | | 10 | [EG-660NT66-HU/BF-DG](https://comparepv.com/panel/eging-pv-eg-660nt66-hu-bf-dg) | 660 | 21.2 | -0.300 | Monocrystalline | ## Summary ASM, traded as Australian Solar Manufacturing Pty Ltd, is a small-scale panel assembler based in Australia that produces crystalline silicon modules using imported cells and materials. The company has positioned itself as a domestically assembled option for the Australian residential market, but it does not appear on Bloomberg NEF Tier 1 lists and its annual production volume is a fraction of a gigawatt - placing it firmly in the niche, sub-scale category rather than the mainstream module supply chain. EGing PV, formally Changzhou Eging Photovoltaic Technology Co., Ltd., is a Chinese manufacturer headquartered in Changzhou, Jiangsu province, with a significantly larger market footprint. The company has historically held Bloomberg NEF Tier 1 bankability status and has supplied projects across Europe, Asia-Pacific, Africa, and Australia. On institutional scale and global reach, EGing PV is the substantially stronger presence, though that advantage is complicated by recent financial headwinds. EGing PV's catalog has evolved toward N-type TOPCon cell technology, with modules such as the EG-440NT54-HLV series targeting residential and commercial rooftop applications. The company backs its panels with a 30-year linear power warranty and a 25-year product warranty - competitive terms on paper. ASM's product line is more modest, historically centered on lower-wattage polycrystalline and monocrystalline modules suited to small residential installs in the Australian market, with no confirmed shift to TOPCon or HJT as of the latest available data. For budget-conscious Australian homeowners prioritizing local assembly, ASM is a niche choice; EGing PV is more relevant to commercial and utility-adjacent buyers internationally. The critical caveat for any buyer evaluating EGing PV in 2025 is the company's financial position. PV-Tech and PV Magazine both reported that EGing PV posted a net loss of approximately $288 million for 2024, with revenues falling more than 57% year-on-year, and the company's own forecasts pointed to further losses and potentially negative net assets by end of 2025. For a 30-year warranty to have meaning, the warrantor must still exist. That uncertainty makes EGing PV a riskier default choice than its Tier 1 history would otherwise suggest, and buyers should confirm current financial standing before committing to a large-scale purchase. \---LINKS--- \- https://www.pv-tech.org/eging-pvs-struggles-reflect-profitability-challenges-for-chinese-solar-producers/ \| EGing PV's struggles reflect profitability challenges for Chinese solar producers \| article \- https://www.pv-magazine.com/2025/05/27/chinese-pv-industry-brief-eging-pv-posts-288-million-net-loss-for-2024/ \| EGing PV posts $288 million net loss for 2024 - pv magazine \| article \- https://www.solarquotes.com.au/panels/eging-review.html \| EGing Solar Panels Review - SolarQuotes \| review \- https://www.solarchoice.net.au/products/panels/eging-solar-panels-review/ \| EGing Solar Panels - Independent Review by Solar Choice \| review \- https://www.enfsolar.com/asm \| Australian Solar Manufacturing Pty Ltd - ENF Solar \| article 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 EGing PV](https://comparepv.com/ae-solar-vs-eging-pv) - [ASM vs AEET](https://comparepv.com/asm-vs-aeet) - [AIKO vs EGing PV](https://comparepv.com/aiko-vs-eging-pv) - [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome) - [ARTsolar vs EGing PV](https://comparepv.com/artsolar-vs-eging-pv) --- Source: https://comparepv.com/asm-vs-eging-pv Not in this file, on the page: the distributions above drawn as charts.