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

# ASM vs Huayao

Huayao has the broader catalog (126 vs 1 models). Huayao leads on peak efficiency at 24.80%. Huayao leans bifacial (74% of lineup).


## The two companies


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

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 | Huayao | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 126 | +125 |
| Max Power | 170 W | 730 W | +560 W |
| Avg Power | 170 W | 561 W | +391 W |


## Efficiency


| Measure | ASM | Huayao | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 24.80% | +8.80 pp |
| Avg Efficiency | 16.00% | 21.94% | +5.94 pp |


## Reliability & Warranty


| Measure | ASM | Huayao | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.306%/°C | +0.132 |
| Bifacial Share | 0 (0%) | 93 (74%) | +74 pp |
| Avg Warranty | - | 29.2 yrs |  |


## Efficiency distribution

Huayao skews to higher efficiency: 26% of lineup is 23%+


| Efficiency band | ASM | Huayao |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 4 (3.2%) |
| 20-21% | 0 | 21 (16.7%) |
| 21-22% | 0 | 29 (23.0%) |
| 22-23% | 0 | 39 (31.0%) |
| 23%+ | 0 | 33 (26.2%) |


## Power distribution

Huayao offers more 600W+ panels (51% of lineup)


| Power band | ASM | Huayao |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 6 (4.8%) |
| 400-499W | 0 | 37 (29.4%) |
| 500-599W | 0 | 19 (15.1%) |
| 600-699W | 0 | 54 (42.9%) |
| 700W+ | 0 | 10 (7.9%) |


## Cell technology

Dominant cell tech: **TOPCon** (44%)


| Technology | ASM | Huayao |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| TOPCon | 0 | 56 (44.4%) |
| PERC | 0 | 45 (35.7%) |
| Back Contact | 0 | 19 (15.1%) |
| HJT | 0 | 6 (4.8%) |


## 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, Huayao


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HY730-H132CDD](https://comparepv.com/panel/huayao-hy730-h132cdd) | 730 | 23.5 | -0.240 | Monocrystalline |
| 2 | [HY725-H132CDD](https://comparepv.com/panel/huayao-hy725-h132cdd) | 725 | 23.3 | -0.240 | Monocrystalline |
| 3 | [HY720-H132CDD](https://comparepv.com/panel/huayao-hy720-h132cdd) | 720 | 23.2 | -0.240 | Monocrystalline |
| 4 | [HY715-N132CDD](https://comparepv.com/panel/huayao-hy715-n132cdd) | 715 | 23.0 | -0.300 | Monocrystalline |
| 5 | [HY715-H132CDD](https://comparepv.com/panel/huayao-hy715-h132cdd) | 715 | 23.0 | -0.240 | Monocrystalline |
| 6 | [HY710-N132CDD](https://comparepv.com/panel/huayao-hy710-n132cdd) | 710 | 22.9 | -0.300 | Monocrystalline |
| 7 | [HY710-H132CDD](https://comparepv.com/panel/huayao-hy710-h132cdd) | 710 | 22.9 | -0.240 | Monocrystalline |
| 8 | [HY705-H132CDD](https://comparepv.com/panel/huayao-hy705-h132cdd) | 705 | 22.7 | -0.240 | Monocrystalline |
| 9 | [HY705-N132CDD](https://comparepv.com/panel/huayao-hy705-n132cdd) | 705 | 22.7 | -0.300 | Monocrystalline |
| 10 | [HY700-N132CDD](https://comparepv.com/panel/huayao-hy700-n132cdd) | 700 | 22.5 | -0.300 | Monocrystalline |


## Summary

ASM is not surfacing in any reputable industry database or review outlet, so I'll apply hedged language for that brand while using confirmed data for Huayao.

Huayao Photovoltaic Technology Co., Ltd. is a Chinese manufacturer founded in 2019, originally headquartered in Hohhot, Inner Mongolia, with major integrated manufacturing operations later built out in Changzhou, Jiangsu province. The company scaled aggressively, reaching approximately 20 GW of annual module capacity by 2024 and ranking around 12th globally in module shipments that year according to company-reported data. Huayao has claimed BloombergNEF Tier 1 bankability status, though its standing on the list has fluctuated quarter to quarter. ASM, by contrast, does not appear in any publicly accessible industry databases, Tier 1 lists, or major review outlets consulted for this comparison. It is likely a smaller or regionally distributed brand whose institutional footprint and third-party bankability credentials cannot be independently verified. On the dimension of market visibility and lender recognition, Huayao holds a clear advantage.

Huayao's catalog spans monocrystalline TOPCon and N-type modules, including bifacial glass-on-glass formats, with power outputs documented from roughly 395 Wp up to 730 Wp. Its stated utility-scale orientation is supported by project references such as a 275 MW ground-mounted installation in Shandong province. Because no credible independent source surfaced detailed product data for ASM - cell technology, typical wattage range, or target market segment - a like-for-like technology comparison cannot be made responsibly.

For a buyer evaluating these two brands in 2025, Huayao is the more verifiable choice: it has documented production scale, a trackable bankability record, and confirmed technology roadmap in TOPCon and bifacial formats. ASM cannot be recommended or ruled out on current public evidence alone, and any procurement decision involving that brand should be preceded by independent due diligence, including requests for certifications, audited financials, and lender references.

\---LINKS---

\- https://pitchbook.com/profiles/company/489360-97 \| Huayao Photovoltaic Technology 2025 Company Profile - PitchBook \| article

\- https://www.enfsolar.com/huayao-pv \| Huayao Photovoltaic Technology Co., Ltd. - ENF Solar Directory \| article

\- https://www.vicoexport.com/en/64212/tier-1-solar-panel-manufacturers-list-q4-2025/ \| Tier 1 Solar Panel Manufacturers List Q4 2025 - Vico Export \| article

\- https://www.intersolar.de/exhibitorlist/changzhou-huayao-photovoltaic-technology-co-ltd \| Changzhou Huayao PV - Intersolar Exhibitor Profile \| 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 Huayao](https://comparepv.com/ae-solar-vs-huayao)
- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)
- [AIKO vs Huayao](https://comparepv.com/aiko-vs-huayao)
- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs Huayao](https://comparepv.com/artsolar-vs-huayao)


---

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

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