--- title: "ASM vs Q-Cells - Brand Comparison | ComparePV" description: "Compare ASM vs Q-Cells solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background." source: "https://comparepv.com/asm-vs-q-cells" --- # ASM vs Q-Cells Q-Cells has the broader catalog (89 vs 1 models). Q-Cells leads on peak efficiency at 23.20%. Q-Cells leans bifacial (39% of lineup). ## The two companies | Attribute | ASM | Q-Cells | | --- | --- | --- | | Country | Australia | South Korea | | Headquarters | Hallam, Victoria | Seoul | | Founded | 2009 | 1999 | | Employees | 1-10 | 2000+ | | Annual capacity | | 11.2 GW/year | | Tier 1 | no | yes | | Listed | | NASDAQ: HQCL | | Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.qcells.com](https://www.qcells.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... Qcells is a renowned global provider of complete energy solutions, specializing in solar cells and modules, energy storage solutions, downstream project business, and energy retail. The company has a strong heritage dating back to its foundation in Germany and has become a leader in technology innovations. As an... ## Catalog & Power | Measure | ASM | Q-Cells | Margin | | --- | --- | --- | --- | | Panel Models | 1 | 89 | +88 | | Max Power | 170 W | 675 W | +505 W | | Avg Power | 170 W | 468 W | +298 W | ## Efficiency | Measure | ASM | Q-Cells | Margin | | --- | --- | --- | --- | | Max Efficiency | 16.00% | 23.20% | +7.20 pp | | Avg Efficiency | 16.00% | 21.21% | +5.21 pp | ## Reliability & Warranty | Measure | ASM | Q-Cells | Margin | | --- | --- | --- | --- | | Avg Temp Coefficient | -0.438%/°C | -0.325%/°C | +0.113 | | Bifacial Share | 0 (0%) | 35 (39%) | +39 pp | | Avg Warranty | - | 27.0 yrs | | ## Efficiency distribution Q-Cells skews to higher efficiency: 2% of lineup is 23%+ | Efficiency band | ASM | Q-Cells | | --- | --- | --- | | \<20% | 1 (100.0%) | 7 (7.9%) | | 20-21% | 0 | 29 (32.6%) | | 21-22% | 0 | 30 (33.7%) | | 22-23% | 0 | 21 (23.6%) | | 23%+ | 0 | 2 (2.2%) | ## Power distribution Q-Cells offers more 600W+ panels (19% of lineup) | Power band | ASM | Q-Cells | | --- | --- | --- | | \<400W | 1 (100.0%) | 20 (22.5%) | | 400-499W | 0 | 41 (46.1%) | | 500-599W | 0 | 11 (12.4%) | | 600-699W | 0 | 17 (19.1%) | ## Cell technology Dominant cell tech: **PERC** (43%) | Technology | ASM | Q-Cells | | --- | --- | --- | | Unknown | 1 (100.0%) | 20 (22.5%) | | PERC | 0 | 38 (42.7%) | | N-type | 0 | 23 (25.8%) | | TOPCon | 0 | 8 (9.0%) | ## 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, Q-Cells | # | Model | Power | Efficiency | Temp. coefficient | Technology | | --- | --- | --- | --- | --- | --- | | 1 | [Q.PEAK DUO ML-G12S.3 / BFG 675](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-675) | 675 | 21.7 | -0.340 | Monocrystalline | | 2 | [Q.PEAK DUO ML-G12S.3 / BFG 670](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-670) | 670 | 21.6 | -0.340 | Monocrystalline | | 3 | [Q.PEAK DUO ML-G12S.3 / BFG 665](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-665) | 665 | 21.4 | -0.340 | Monocrystalline | | 4 | [Q.PEAK DUO ML-G12S.3 / BFG 660](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-660) | 660 | 21.2 | -0.340 | Monocrystalline | | 5 | [Q.PEAK DUO ML-G12S.3 / BFG 655](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-655) | 655 | 21.1 | -0.340 | Monocrystalline | | 6 | [Q.PEAK DUO ML-G12S.3 / BFG 650](https://comparepv.com/panel/q-cells-q-peak-duo-ml-g12s-3-bfg-650) | 650 | 20.9 | -0.340 | Monocrystalline | | 7 | [Q.TRON XL-G2.3 / BFG 645](https://comparepv.com/panel/q-cells-q-tron-xl-g2-3-bfg-645) | 645 | 23.1 | -0.290 | Monocrystalline | | 8 | [Q.TRON XL-G2.3 / BFG 640](https://comparepv.com/panel/q-cells-q-tron-xl-g2-3-bfg-640) | 640 | 22.9 | -0.290 | Monocrystalline | | 9 | [Q.TRON XL-G2.3 / BFG 635](https://comparepv.com/panel/hanwha-q-cells-america-inc-q-tron-xl-g2-3-bfg-635) | 635 | 22.7 | -0.300 | Monocrystalline | | 10 | [Q.TRON XL-G2.3 / BFG 630](https://comparepv.com/panel/hanwha-q-cells-america-inc-q-tron-xl-g2-3-bfg-630) | 630 | 22.6 | -0.300 | Monocrystalline | ## Summary Based on my research, ASM (Australian Solar Manufacturing Pty Ltd) has very limited public profile data. I'll write an accurate comparison reflecting this asymmetry. ASM, operating as Australian Solar Manufacturing Pty Ltd, is a smaller regional manufacturer headquartered in Australia with a limited public footprint. Published industry databases such as ENF Solar list the company as producing monocrystalline panels, but ASM does not appear on Bloomberg NEF's or S&P Global's Tier 1 bankability lists, and no independent assessment of its annual production scale has surfaced in available industry sources. Its market presence is primarily local to the Australian residential and small commercial segment. Q-Cells, now formally branded as Hanwha Qcells, is a substantially larger operation. The brand originated in Germany in 1999 and was acquired by South Korea's Hanwha Group in 2012. It holds Tier 1 status from both Bloomberg NEF and S&P Global's 2025 Tier 1 Cleantech ranking, and operates module production lines spanning roughly 11 GW of annual global capacity, with a major U.S. plant in Cartersville, Georgia rated at 3.3 GW. By any institutional measure, Q-Cells carries the larger and better-documented global footprint. In terms of product positioning, ASM's catalog, as far as publicly available data shows, covers lower-wattage monocrystalline modules suited to modest residential installations. Q-Cells addresses a broader range of use cases - from premium residential rooftops using its Q.ANTUM TOPCon-based QTron line to utility-scale ground-mount projects - with efficiency ratings reaching up to 23.7% on its highest-performing current series and warranties up to 25 years on both product and performance. For a typical buyer in 2025 seeking bankable, well-warranted panels with broad installer support, Q-Cells is the clearer default choice. ASM may serve buyers with a specific preference for Australian-assembled product, but the two brands are not readily interchangeable in terms of scale, global certification depth, or installer ecosystem. \---LINKS--- \- https://www.solarreviews.com/blog/hanwha-q-cells-solar-panels-complete-review \| Expert Review of Qcells Solar Panels for 2025 - SolarReviews \| review \- https://www.ecowatch.com/solar/reviews/qcells-solar-panels \| QCells Solar Panels Review 2025 - EcoWatch \| review \- https://www.hanwha.com/newsroom/news/press-releases/hanwha-qcells-named-an-s-p-global-2025-tier-1-cleantech-company.do \| Hanwha Qcells named 2025 S&P Global Tier 1 company \| article \- https://www.hanwha.com/newsroom/news/press-releases/hanwha-qcells-new-cartersville-factory-set-for-33-gw-of-solar-module-production-per-year.do \| Hanwha Qcells Cartersville factory set for 3.3 GW production \| article \- https://www.enfsolar.com/asm \| Australian Solar Manufacturing Pty Ltd profile - 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 Q-Cells](https://comparepv.com/ae-solar-vs-q-cells) - [ASM vs AEET](https://comparepv.com/asm-vs-aeet) - [AIKO vs Q-Cells](https://comparepv.com/aiko-vs-q-cells) - [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome) - [ARTsolar vs Q-Cells](https://comparepv.com/artsolar-vs-q-cells) --- Source: https://comparepv.com/asm-vs-q-cells Not in this file, on the page: the distributions above drawn as charts.