its high-speed third-person shooter in development for PlayStation 5 as part of Sony Interactive Entertainment Shanghai’s games incubation program PlayStation China Hero Project.
Source: https://www.gematsu.com/2023/07/exiledge-chinajoy-2023-gameplay-trailer
Edit: Updated Video Link
The video in the post seems to be removed by the uploader, but the one linked in the article still works.
Here is the direct link:
https://youtu.be/MVHB98Jaivs
Edit: also, looks pretty cool but I have no ideas what is going on here lol
Updated the link, thanks.