Horay Solar vs AIKO - solar panel manufacturer comparison

AIKO is a Chinese solar manufacturer headquartered in Foshan, Guangdong Province, founded in 2009. The company built its identity around proprietary ABC (All Back Contact) N-type cell technology, a back-contact architecture that relocates all metallic contacts to the rear of the cell to maximize light absorption on the front surface. AIKO achieved Bloomberg NEF Tier 1 recognition in 2024, and its commercial scale distinguishes it sharply from most emerging names in the industry: the company reported total ABC module shipments of 14.71 GW in 2025, representing 132% year-on-year growth, with cumulative photovoltaic cell shipments exceeding 100 GW. Horay Solar is a Chinese manufacturer with approximately 16 years of experience in renewables, spanning PV module production, energy storage systems, and EPC project delivery. The company entered the Bloomberg NEF Tier 1 list in Q1 2025 and retained that status through Q1 2026, with an annual production capacity of around 2.5 GW. In terms of institutional footprint and shipment scale, AIKO leads by a wide margin.

AIKO's product range centers on its ABC modules, which achieve efficiencies above 24% in mass production - a benchmark the company has held at the top of independent performance rankings for three consecutive years. The ABC cell design also delivers a temperature coefficient of around -0.26%/°C, making it well suited to space-constrained residential and commercial rooftop installations in warm climates. Horay Solar builds its core portfolio around N-type TOPCon modules in 182 mm and 210 mm cell formats, available in both standard and bifacial glass-glass configurations. The company targets residential, commercial, and industrial segments, and its bundled offering of modules with storage systems and inverters positions it as a practical single-source option for integrators seeking streamlined procurement.

For most international buyers, AIKO is the stronger default when maximum efficiency and verified long-term performance credentials are the deciding factors, particularly on rooftop projects where usable area is limited. Horay Solar is a credible, bankable alternative for buyers who need a solid N-type TOPCon solution paired with storage, or who are sourcing at smaller volumes with competitive pricing in mind; on larger projects, buyers should assess supply continuity carefully given Horay's more modest production footprint relative to first-tier manufacturers.

Generated by Claude Sonnet · 2026-06-10