Lawrence Ang Siu-lun, an executive director of Geely Automobile (HKG:0175), said that the company only fulfiled 80% of the annual sales target during the first 11 months of 2011 amid an unfavourable macroeconomic environment. Despite difficulty, sales are expected to miss the target by a thin margin only.

Due to uncertain market conditions, the company has postponed its launch of new automobiles until next year, Ang added.