---
title: "Horay Solar vs HT-SAAE - Brand Comparison | ComparePV"
description: "Compare Horay Solar vs HT-SAAE solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/horay-solar-vs-ht-saae"
---

# Horay Solar vs HT-SAAE

Horay Solar has the broader catalog (182 vs 112 models). HT-SAAE leads on peak efficiency at 23.90%. Horay Solar leans bifacial (67% of lineup).


## The two companies


| Attribute | Horay Solar | HT-SAAE |
| --- | --- | --- |
| Country | China | China |
| Headquarters | Wuxi, Jiangsu Province | Shanghai |
| Founded | 2010 | 1998 |
| Employees | 400 | 500+ |
| Annual capacity | 2.5 GW/year | 2+ GW/year |
| Tier 1 | yes | yes |
| Listed |  | Shanghai Stock Exchange: 600151:SHH |
| Website | [http://www.horaysolar.com](http://www.horaysolar.com) | [http://www.ht-saae.com](http://www.ht-saae.com) |

Horay Solar is an integrated photovoltaic company specializing in the R&D, production, and sales of solar modules and solar power systems. They are committed to globalization and offer standard and customized solar module solutions. The company's products are exported globally, providing efficient clean energy...

HT-SAAE (Shanghai Aerospace Automobile Electromechanical Co., Ltd.) is a state-owned enterprise specializing in photovoltaic products. The company integrates polysilicon, solar cells, battery packs, and photovoltaic + energy storage systems. They develop and manufacture solar panels for residential, commercial, and...


## Catalog & Power


| Measure | Horay Solar | HT-SAAE | Margin |
| --- | --- | --- | --- |
| Panel Models | 182 | 112 | +70 |
| Max Power | 720 W | 715 W | +5 W |
| Avg Power | 536 W | 470 W | +66 W |


## Efficiency


| Measure | Horay Solar | HT-SAAE | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 23.90% | +0.60 pp |
| Avg Efficiency | 22.46% | 20.47% | +1.99 pp |


## Reliability & Warranty


| Measure | Horay Solar | HT-SAAE | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.280%/°C | -0.322%/°C | +0.042 |
| Bifacial Share | 122 (67%) | 53 (47%) | +20 pp |
| Avg Warranty | 30.0 yrs | 29.1 yrs | +0.9 yr |


## Efficiency distribution

HT-SAAE skews to higher efficiency: 24% of lineup is 23%+


| Efficiency band | Horay Solar | HT-SAAE |
| --- | --- | --- |
| 21-22% | 24 (13.2%) | 12 (10.7%) |
| 22-23% | 133 (73.1%) | 39 (34.8%) |
| 23%+ | 25 (13.7%) | 27 (24.1%) |
| \<20% | 0 | 30 (26.8%) |
| 20-21% | 0 | 4 (3.6%) |


## Power distribution

Horay Solar offers more 600W+ panels (20% of lineup)


| Power band | Horay Solar | HT-SAAE |
| --- | --- | --- |
| 400-499W | 55 (30.2%) | 33 (29.5%) |
| 500-599W | 91 (50.0%) | 29 (25.9%) |
| 600-699W | 33 (18.1%) | 16 (14.3%) |
| 700W+ | 3 (1.6%) | 4 (3.6%) |
| \<400W | 0 | 30 (26.8%) |


## Cell technology

Dominant cell tech: **TOPCon** (56%)

Dominant cell tech: **TOPCon** (79%)


| Technology | Horay Solar | HT-SAAE |
| --- | --- | --- |
| TOPCon | 102 (56.0%) | 88 (78.6%) |
| N-type | 80 (44.0%) | 0 |
| PERC | 0 | 19 (17.0%) |
| Unknown | 0 | 5 (4.5%) |


## Top panels, Horay Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HS720TC-MHG-D](https://comparepv.com/panel/horay-solar-hs720tc-mhg-d) | 720 | 23.2 | -0.280 | Monocrystalline |
| 2 | [HS710TC-MHG-D](https://comparepv.com/panel/horay-solar-hs710tc-mhg-d) | 710 | 22.9 | -0.280 | Monocrystalline |
| 3 | [HS700TC-MHG-D](https://comparepv.com/panel/horay-solar-hs700tc-mhg-d) | 700 | 22.5 | -0.280 | Monocrystalline |
| 4 | [HS690TC-MHG-D](https://comparepv.com/panel/horay-solar-hs690tc-mhg-d) | 690 | 22.2 | -0.280 | Monocrystalline |
| 5 | [HS680TC-MHG-D](https://comparepv.com/panel/horay-solar-hs680tc-mhg-d) | 680 | 21.9 | -0.280 | Monocrystalline |
| 6 | [HS650TC-MHD-D](https://comparepv.com/panel/horay-solar-hs650tc-mhd-d) | 650 | 23.3 | -0.280 | Monocrystalline |
| 7 | [HS645TC-MHD-D](https://comparepv.com/panel/horay-solar-hs645tc-mhd-d) | 645 | 23.1 | -0.280 | Monocrystalline |
| 8 | [HS640TC-MHD-D](https://comparepv.com/panel/horay-solar-hs640tc-mhd-d) | 640 | 22.9 | -0.280 | Monocrystalline |
| 9 | [HS635TC-MHD-D](https://comparepv.com/panel/horay-solar-hs635tc-mhd-d) | 635 | 22.7 | -0.280 | Monocrystalline |
| 10 | [HS635TC-MHG-D](https://comparepv.com/panel/horay-solar-hs635tc-mhg-d) | 635 | 22.4 | -0.280 | Monocrystalline |


## Top panels, HT-SAAE


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HT66-210(ND)-F 715W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-715w) | 715 | 23.0 | -0.310 | Monocrystalline |
| 2 | [HT66-210(ND)-F 710W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-710w) | 710 | 22.9 | -0.310 | Monocrystalline |
| 3 | [HT66-210(ND)-F 705W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-705w) | 705 | 22.7 | -0.310 | Monocrystalline |
| 4 | [HT66-210(ND)-F 700W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-700w) | 700 | 22.5 | -0.310 | Monocrystalline |
| 5 | [HT66-210(ND)-F 695W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-695w) | 695 | 22.4 | -0.310 | Monocrystalline |
| 6 | [HT66-18X(N)-630W](https://comparepv.com/panel/ht-saae-ht66-18x-n-630w) | 630 | 23.3 | -0.310 | Monocrystalline |
| 7 | [HT66-18X(N)-625W](https://comparepv.com/panel/ht-saae-ht66-18x-n-625w) | 625 | 23.1 | -0.310 | Monocrystalline |
| 8 | [HT66-18X(ND)-F 620W](https://comparepv.com/panel/ht-saae-ht66-18x-nd-f-620w) | 620 | 23.0 | -0.310 | Monocrystalline |
| 9 | [HT66-18X(N)-620W](https://comparepv.com/panel/ht-saae-ht66-18x-n-620w) | 620 | 23.0 | -0.310 | Monocrystalline |
| 10 | [HT66-18X(ND)-F-620](https://comparepv.com/panel/ht-saae-ht66-18x-nd-f-620) | 620 | 23.0 | -0.310 | Monocrystalline |


## Summary

Horay Solar is a Chinese manufacturer headquartered in Wuxi, with an annual production capacity of approximately 2.5 GW. The company first appeared on the BloombergNEF Tier 1 solar module list in Q1 2025 and retained that status through Q1 2026, marking its entry into the circle of bankable suppliers recognized by global financial institutions. HT-SAAE - formally Shanghai Aerospace Automobile Electromechanical Co., Ltd. - is a Chinese state-owned enterprise with origins dating to 1960, when it began developing photovoltaic technology for China's satellite program. HT-SAAE has been a long-standing fixture on the BloombergNEF Tier 1 list and carries a reported production capacity of up to 5 GW per year. On institutional footprint and depth of track record, HT-SAAE holds the stronger position by a meaningful margin.

Horay Solar's current lineup centers on N-type TOPCon modules certified by TUV, IEC, CE, INMETRO, and CQC, targeting residential rooftop, commercial, and small-to-mid-scale ground-mount applications. HT-SAAE covers a broader spectrum, offering both N-type TOPCon and P-type silicon modules with output formats extending into the high-wattage range suited for utility-scale procurement. Since 2018, HT-SAAE has been named a Best Performing Manufacturer by PV Evolution Labs every year - an independent quality distinction that matters in project finance contexts and competitive tenders where third-party validation is required. Both manufacturers back their N-type TOPCon premium lines with 30-year performance warranties, a reflection of the wider industry shift away from the shorter guarantees typical of the PERC era.

For a typical international buyer - an EPC contractor sourcing modules for a commercial rooftop or a developer procuring for a mid-scale ground-mount - HT-SAAE is the lower-risk default choice, given its longer Tier 1 history, PVEL recognition, and broader product range. Horay Solar is a credible and competitively priced alternative for buyers comfortable working with a manufacturer that has only recently cleared the bankability threshold. The two brands are not interchangeable in terms of institutional credibility at this stage, though the gap may narrow as Horay builds more of a performance record under its Tier 1 status.

Written by claude-sonnet from the figures above.


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Source: https://comparepv.com/horay-solar-vs-ht-saae

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