Hyundai vs Veichi Electric - solar panel manufacturer comparison
Hyundai has the broader catalog (65 vs 0 models). Hyundai leans bifacial (66% 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.
The two companies
HD Hyundai Energy Solutions is a global provider of solar cells and modules, offering solutions for residential, commercial, and utility-scale projects. They provide monofacial, bifacial, and shingled PV modules, along with inverters and various PV solutions. The company is committed to developing next-generation...
- Founded
- 2004
- Headquarters
- Seongnam-si, South Korea
- Annual capacity
- 1.35 GW/year
- Employees
- 206
- Tier 1 bankable
- Yes
Veichi Electric (Suzhou Veichi Electric Co., Ltd.) is a Chinese high-tech manufacturer specializing in industrial automation and electric drive products, including variable frequency drives, servo systems, PLCs, HMIs, and solar inverters. The company serves sectors such as smart manufacturing, robotics, and new...
- Founded
- 2005
- Headquarters
- Suzhou, China
- Employees
- 1000-2000
- Listed
- SSE STAR Market: 688698
Catalogue against catalogue
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.
What each of them builds
Hyundai skews to higher efficiency: 6% of lineup is 23%+
Hyundai offers more 600W+ panels (5% of lineup)
Dominant cell tech: <strong>HJT</strong> (38%)
The flagships
Written summary
Hyundai Energy Solutions, operating under the HD Hyundai conglomerate, is a South Korean manufacturer that has been producing solar modules for over two decades and holds confirmed BloombergNEF Tier 1 bankability status, meaning major lenders are prepared to finance projects using its products. The company manufactures across multiple smart-factory sites in Korea and reports over 1.4 GW of annual module production capacity. Veichi Electric - formally Suzhou Veichi Electric Co., Ltd. - is a Chinese company listed on the Shanghai stock exchange (code 688698) whose primary business has historically been industrial drives and control systems; solar panels and inverters represent an expanding but secondary segment of its portfolio. No independent sources confirmed Tier 1 or BloombergNEF bankability status for Veichi as of mid-2025. On institutional footprint alone, Hyundai carries the stronger track record.
Hyundai's module lineup targets residential rooftops with its XG series and bifacial residential or light-commercial ground mounts with its YH series. The company has confirmed mass production of N-type TOPCon cells alongside its existing PERC portfolio, and its modules carry IEC 61215 and IEC 61730 certifications from VDE plus UL listing, backed by 25-year product and performance warranties. Veichi's solar panel range - the VCS-108H, VCS-144H, and VCS-156H - covers monocrystalline bifacial modules ranging from roughly 405 W up to 630 W, pointing more toward commercial or utility-adjacent ground-mount use cases. Veichi's stronger differentiator is its integrated ecosystem of hybrid, on-grid, and off-grid inverters alongside those modules, making it a relevant single-supplier option for bundled PV-plus-storage projects, particularly in emerging markets where it actively exhibits.
For most buyers in 2025 - especially residential and commercial installers seeking bankable, warranted products in Western or regulated markets - Hyundai Energy Solutions is the more defensible default. Veichi may suit buyers who value a combined panel-and-inverter procurement from one supplier and are operating in markets where its inverter reputation is already established, but independent performance reviews of its modules remain scarce.
Generated by Claude Sonnet · 2026-06-09
Other brand comparisons
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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.