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ASM vs Lu'an Solar - solar panel manufacturer comparison

ASM
Australia Founded 2009
Read the ASM review
VS
Lu'an Solar
Headquarters not published
Read the Lu'an Solar review
At a glance

Lu'an Solar has the broader catalog (20 vs 1 models). Lu'an Solar leads on peak efficiency at 23.27%. Lu'an Solar leans bifacial (25% of lineup).

Both catalogues are read from the manufacturers' own datasheets. A brand is not scored against the market here, only against the other brand on this page.

Panel models
1 20
Highest power
170 Wp 530 Wp
Best efficiency
16.0% 23.3%
Average efficiency
16.0% 22.0%
Bifacial share
0% 25%
Average warranty
- 30 yrs
01

The two companies

Company facts, not datasheet figures
ASM

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...

Founded
2009
Headquarters
Hallam, Victoria, Australia
Employees
1-10
02

Catalogue against catalogue

Averages over every model in the database
Metric ASM Lu'an Solar
Catalog & Power
Panel Models 1 20+19
Max Power 170 W 530 W+360 W
Avg Power 170 W 478 W+308 W
Efficiency
Max Efficiency 16.00% 23.27%+7.27 pp
Avg Efficiency 16.00% 22.00%+6.00 pp
Reliability & Warranty
Avg Temp Coefficient -0.438%/°C -0.310%/°C+0.128
Bifacial Share 0 (0%) 5 (25%)+25 pp
Avg Warranty - 30.0 yrs

An average over a catalogue describes the range a manufacturer publishes, not the module you would buy. A brand with two flagship panels and eighty older ones averages worse than one that has retired its back catalogue.

03

What each of them builds

Cell technology across the market
Efficiency spread
Share of each catalogue in every efficiency band

Lu'an Solar skews to higher efficiency: 10% of lineup is 23%+

Power spread
Share of each catalogue in every power band
ASM cell technology
Share of their models by cell architecture
Lu'an Solar cell technology
Share of their models by cell architecture

Dominant cell tech: <strong>TOPCon</strong> (75%)

04

The flagships

Highest-power models from each brand
05

Written summary

Checking cache...

ASM, trading as Australian Solar Manufacturing Pty Ltd, is a small panel assembler headquartered in Keysborough, Victoria, Australia, established around 2009. Rather than fabricating photovoltaic cells in-house, it sources components from Germany, Japan, the United States, and China and assembles finished modules domestically. It carries no confirmed BloombergNEF Tier 1 bankability status and operates at a boutique scale with no publicly documented gigawatt-level production capacity. Lu'an Solar - formally Shanxi Lu'an Photovoltaics Technology Co., Ltd. - was also founded in 2009, in Changzhi City, Shanxi Province, China, as a subsidiary of Jinneng Holding Group, one of China's largest state-owned energy conglomerates. Industry sources report an integrated production capacity of roughly 7-9 GW spanning ingot pulling, wafer slicing, cell manufacturing, and module assembly, placing it among the largest state-owned PV producers in China; its institutional backing gives it a decisively stronger financial footprint than ASM.

ASM's catalogued models cover legacy monocrystalline panels in the 170-200 Wp range, a specification typical of an older product generation suited mainly to small residential rooftop retrofits and off-grid systems. No publicly available evidence suggests ASM has released large-format or current-generation products. Lu'an Solar, by contrast, offers a considerably wider and more modern lineup that includes PERC-cell modules rated at 400 W+, 540 W+, 580 W+, and up to 720 W+, targeting commercial rooftop and utility-scale ground-mount segments. The company has exported to more than 30 countries, including Germany, Spain, and Brazil, and has repeatedly been cited in global new-energy enterprise rankings.

For a typical buyer in 2025, Lu'an Solar is the more commercially relevant option, offering current-generation wattages, documented industrial scale, and a proven international supply chain. ASM may attract buyers specifically seeking locally assembled product within Australia, but its legacy product range and limited institutional profile make it a difficult recommendation for any large or project-financed installation.

Generated by Claude Sonnet · 2026-06-24

06

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Something missing from a catalogue? Both lists are built from the datasheets in the database. If a model is absent, it has not been ingested yet.

Comparisons are computed from manufacturer datasheets held in the ComparePV database and may not reflect a brand's complete current lineup. Nothing on this page is paid placement.