Does GM have a thing for burning money?

Because it seems like investing $2 billion in a company that has yet to produce anything is the equivalent of burning money without the fire:



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I mean, if they can actually produce something, good for them. But a few problems with this plan:



1. There’s very little hydrogen filling infrastructure outside of California.

2. $2B for a 11% of a company that hasn’t actually produced anything, other than a few renders.

3. Why is GM investing in hydrogen vehicles, when EVs (at least for smaller passenger vehicles) seems to be the way to go?