Recently, teasers for Project Mugen surfaced. With anime-style visuals, the game was immediately labeled a competitor to Genshin Impact (plus there are cars, instantly giving off GTA vibes).
However, Project Mugen is still an urban RPG, which puts it closer to another miHoYo project called Zenless Zone Zero.
A full trailer for Project Mugen has been released, featuring glimpses of gameplay footage. Judging by the comments, users are thrilled and eagerly awaiting the launch.