--- title: "ASM vs Lu'an Solar - Brand Comparison | ComparePV" description: "Compare ASM vs Lu'an Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background." source: "https://comparepv.com/asm-vs-luan-solar" --- # ASM vs Lu'an Solar 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). ## The two companies | Attribute | ASM | Lu'an Solar | | --- | --- | --- | | 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 | Lu'an Solar | Margin | | --- | --- | --- | --- | | Panel Models | 1 | 20 | +19 | | Max Power | 170 W | 530 W | +360 W | | Avg Power | 170 W | 478 W | +308 W | ## Efficiency | Measure | ASM | Lu'an Solar | Margin | | --- | --- | --- | --- | | Max Efficiency | 16.00% | 23.27% | +7.27 pp | | Avg Efficiency | 16.00% | 22.00% | +6.00 pp | ## Reliability & Warranty | Measure | ASM | Lu'an Solar | Margin | | --- | --- | --- | --- | | Avg Temp Coefficient | -0.438%/°C | -0.310%/°C | +0.128 | | Bifacial Share | 0 (0%) | 5 (25%) | +25 pp | | Avg Warranty | - | 30.0 yrs | | ## Efficiency distribution Lu'an Solar skews to higher efficiency: 10% of lineup is 23%+ | Efficiency band | ASM | Lu'an Solar | | --- | --- | --- | | \<20% | 1 (100.0%) | 0 | | 20-21% | 0 | 2 (10.0%) | | 21-22% | 0 | 7 (35.0%) | | 22-23% | 0 | 9 (45.0%) | | 23%+ | 0 | 2 (10.0%) | ## Power distribution | Power band | ASM | Lu'an Solar | | --- | --- | --- | | \<400W | 1 (100.0%) | 0 | | 400-499W | 0 | 12 (60.0%) | | 500-599W | 0 | 8 (40.0%) | ## Cell technology Dominant cell tech: **TOPCon** (75%) | Technology | ASM | Lu'an Solar | | --- | --- | --- | | Unknown | 1 (100.0%) | 0 | | TOPCon | 0 | 15 (75.0%) | | PERC | 0 | 5 (25.0%) | ## 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, Lu'an Solar | # | Model | Power | Efficiency | Temp. coefficient | Technology | | --- | --- | --- | --- | --- | --- | | 1 | [JKL132-B-530NH](https://comparepv.com/panel/lu-an-solar-jkl132-b-530nh) | 530 | 22.3 | -0.300 | Monocrystalline | | 2 | [JKL132-B-525NH](https://comparepv.com/panel/lu-an-solar-jkl132-b-525nh) | 525 | 22.1 | -0.300 | Monocrystalline | | 3 | [JKL132-B-520NH](https://comparepv.com/panel/lu-an-solar-jkl132-b-520nh) | 520 | 21.9 | -0.300 | Monocrystalline | | 4 | [JKL132-B-515NH](https://comparepv.com/panel/lu-an-solar-jkl132-b-515nh) | 515 | 21.7 | -0.300 | Monocrystalline | | 5 | [JKL132-B-510NH](https://comparepv.com/panel/lu-an-solar-jkl132-b-510nh) | 510 | 21.5 | -0.300 | Monocrystalline | | 6 | [JKL132-B-510MH](https://comparepv.com/panel/lu-an-solar-jkl132-b-510mh) | 510 | 21.5 | -0.340 | Monocrystalline | | 7 | [JKL132-B-505MH](https://comparepv.com/panel/lu-an-solar-jkl132-b-505mh) | 505 | 21.3 | -0.340 | Monocrystalline | | 8 | [JKL132-B-500MH](https://comparepv.com/panel/lu-an-solar-jkl132-b-500mh) | 500 | 21.0 | -0.340 | Monocrystalline | | 9 | [JKL132-B-495MH](https://comparepv.com/panel/lu-an-solar-jkl132-b-495mh) | 495 | 20.8 | -0.340 | Monocrystalline | | 10 | [JKL132-B-490MH](https://comparepv.com/panel/lu-an-solar-jkl132-b-490mh) | 490 | 20.6 | -0.340 | Monocrystalline | ## Summary 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 400W+, 540W+, 580W+, and up to 720W+, 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. \---LINKS--- \- https://www.enfsolar.com/lu-an-solar \| Shanxi Lu'an Photovoltaics Technology Co. - ENF Solar Directory \| article \- https://www.solarfeeds.com/biz/shanxi-luan-photovoltaics-technology-co-ltd/ \| Lu'an PV Company Overview - Production Capacity, Is it Tier 1? \| article \- https://www.enfsolar.com/asm \| Australian Solar Manufacturing (ASM) - ENF Solar Directory \| article Sources: \- \[Shanxi Lu'an Photovoltaics Technology Co., Ltd. \| ENF Solar\](https://www.enfsolar.com/lu-an-solar) \- \[Lu'an PV Company Overview \| SolarFeeds\](https://www.solarfeeds.com/biz/shanxi-luan-photovoltaics-technology-co-ltd/) \- \[Australian Solar Manufacturing Pty Ltd \| ENF Solar\](https://www.enfsolar.com/asm) \- \[ASM Solar reviews \| ProductReview.com.au\](https://www.productreview.com.au/listings/asm-solar) \- \[Jinneng Holding Group - Solar Panel China Supplier \| Lu'an Solar\](https://www.luansolar.com/group/index.html) 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 Lu'an Solar](https://comparepv.com/ae-solar-vs-luan-solar) - [ASM vs AEET](https://comparepv.com/asm-vs-aeet) - [AIKO vs Lu'an Solar](https://comparepv.com/aiko-vs-luan-solar) - [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome) - [ARTsolar vs Lu'an Solar](https://comparepv.com/artsolar-vs-luan-solar) --- Source: https://comparepv.com/asm-vs-luan-solar Not in this file, on the page: the distributions above drawn as charts.