Launch exclusive insurance solution for Chinese electric vehicles
Shory, a First.tech company and one of the fastest growing AI insurtech firms in the region, has announced a strategic partnership with Electric Vehicle Services (EVS) and Fidelity United Insurance Company to launch an exclusive insurance solution designed specifically for Chinese electric vehicles, according to press information available.
The collaboration brings together Shory’s fully digital insurance platform, Fidelity United’s bespoke motor insurance coverage, and EVS’ leading certified electric vehicle repair network, addressing a growing gap in the market as Chinese EV brands continue to grow in popularity across the UAE.
This product will address some of the key challenges owners of Chinese vehicles face related to insurance acceptance, premium affordability, and access to qualified EV repair facilities. The collaboration aims to remove these barriers by addressing the realities of EV ownership through specialised coverage and an integrated repair ecosystem.
Growing EV market
“This partnership with EVS and Fidelity United allows us to put customer needs first, support the growing EV market, and give customers access to EV specialist repairs backed by trusted underwriting,” remarked Aoun Al Smadi, CEO, Shory UAE.
“This partnership with Shory and EVS is a deliberate step toward building that confidence and supporting the future of mobility in the UAE,” noted Ahmed Nasef, CEO, Fidelity United.
Expert servicing
“With seamless insurance integration, EVS’s expert servicing, and the UAE’s largest inventory of EV parts, we ensure strong parts availability and fast turnaround times. Together, we are delivering a smooth, reliable ownership experience and complete peace of mind for EV drivers,” explained Saeed Aljunaibi, Founder & CEO, EVS.
The partnership forms part of Shory’s broader strategy to expand into specialised and underserved motor insurance segments, while supporting the adoption of electric vehicles through simplified, transparent and technology-driven insurance solutions.
