While players can already play Genshin Impact on a PlayStation 5, this is only possible thanks to the system's backwards compatibility. However, miHoYo has recently announced that an enhancement PS5 version is in the works.
There's little information about this new version, but it was confirmed that it will have upgraded textures, 4K resolution and faster load times. On the other hand, the developer hasn't said anything about a release date, only that it's "coming soon".
According to President Forrest Liu, "The PlayStation 5 is an ideal platform to enhance the vast open world featuring in Genshin Impact, allowing the team to incorporate more thoughts and ideas into the game, both now and in the future.".
Check out the announcement trailer.