Wales' long wait for a win over the All Blacks now 72 years.
New Zealand end mixed season with seven-try win.
Visitors lead 24-14 at half-time through Caleb Clarke, Ruben Love and Tamaiti Williams.
Wales hit-back as Tom Rogers become first Welshman to score a hat-trick against the All Blacks.
New Zealand twice have tries ruled out after TMO review in second half.
But Rieko Ioane, Sevu Reece (twice) and Clarke put All Blacks back in control.
Louis Rees-Zammit scores late as Wales claim their highest score against New Zealand in Cardiff.
Read: Match report
Rogers try, Edwards con
What a start by Wales!
Dafydd Jenkins charges down a kick and Wales go on the attack.
Joe Hawkins puts a peach of a pass out to Max Llewellyn, who puts Rogers over for a hat-trick try (Wales' first since Rees-Zammit against Georgia at the World Cup).
Edwards adds the extras.
Image source, Getty ImagesWales 14-24 New Zealand
Siwan Lillicrap
Former Wales captain on BBC Radio Cymru
Wales have taken their chances and played in the right areas of the pitch.
Tomos Williams and Dan Edwards' kicking has been exceptional and Wales could have scored another if they'd reacted quicker to Rhys Carre's break.
Much better performance from Wales today so far. Defensively they have been very good considering how much New Zealand like to move the ball as well.
I think the fans will have enjoyed watching that first half.
Wales 14-24 New Zealand
Back under way with New Zealand full-back Ruben Love kicking into Wales' 22.
Wales v New Zealand (15:10 GMT)
Image source, Huw Evans Picture AgencyThis afternoon is New Zealand's last game of 2025 and it's also an autumn farewell for a huge Wales contingent.
Steve Tandy's side finish their November schedule against South Africa next weekend but that game is outside World Rugby's official Test window.
That means that 13 players will return to their clubs in England and France, leaving Wales picking from those who are at Cardiff, Dragons, Ospreys and Scarlets.
Tandy will be without:
HT: Wales 14-24 New Zealand
Gareth Davies
Former Wales fly-half on Cymru Fyw
It's such a shame that Wales conceded that try at the end of the first half. 14-17 would've been a lot more positive going into half time from a Welsh point of view.
It just goes to show how creative and dangerous the All Blacks can be. They move the ball so sharply.
Credit to Wales and New Zealand, they both want to move the ball. Tom Rogers has scored two tries from good, creative rugby from Wales.
HT: Wales 14-24 New Zealand
Gareth Delve
Former Wales international on BBC Radio Wales
Before the match we would have taken a 10-point margin at half-time but Wales have exceeded expectations with their performance in the first half and they will be disappointed with that deficit.
I was genuinely worried before the game for this young team but they've battled hard and scored a couple of good tries, especially Tom Rogers' first.
A minor scuffle as Hollie Davidson blows her whistle.
Wales left to rue that try on the stroke of half-time but a strong and spirited effort by Steve Tandy's men.
How long can they stay in the fight?
Wales 14-24 New Zealand
Gareth Delve
Former Wales international on BBC Radio Wales
Rhys Carre and Kieron Assiratti should have sent the All Black player backwards then but Scott Barrett adds his weight to drag his man through the door. Soft tackling.
Williams try, McKenzie con
What a finish by prop Tamaiti Williams.
Wales stop the drive but then the loose-head carries hard and spins out of tackles to dot down.
Damian McKenzie slots over the conversion from the left and it's a 10-point game again.
Image source, Huw Evans Picture AgencyWales 14-17 New Zealand
Wales put themselves under pressure by failing to gather the restart and then they are penalised for offside in the 22.
New Zealand - whose number eight Wallace Sititi has been carrying impressively - go for the corner.
First, Kieron Assiratti needs treatment.
Wales 14-17 New Zealand
Gareth Delve
Former Wales international on BBC Radio Wales
Credit to Wales' coaching staff, some of their lineouts are really innovative and it's giving the backs some fantastic ball to play off.
Rogers try, Edwards con
Another superb response by Wales!
Wales play with penalty advantage in the 22 and keep attacking with Scarlets wing Rogers going over for his second down the left.
Blair Murray gathered a Tomos Williams dink through and then Dan Edwards and Max Llewellyn put the left wing over.
Edwards - who has been superb in the first half - converts and the hosts are back within three.
Image source, Getty ImagesWales 7-17 New Zealand
James Hook
Former Wales fly-half on BBC Radio Wales
Right on cue, New Zealand pounce.
I was just thinking we were defending well but Reuben Love spots a big fella he can beat, steps off his right foot and shows his pace.
Love try, McKenzie con
Spoke too soon Hooky!
A huge carry by Wallace Sititi from a goalline drop-out and then the ball is worked to the right for full-back Ruben Love to break through, beating prop Rhys Carre, and go over.
The playmaker is highly rated in New Zealand.
McKenzie adds the simple conversion and suddenly the All Blacks have some breathing space.
Image source, Getty ImagesWales 7-10 New Zealand
James Hook
Former Wales fly-half on BBC Radio Wales
Since conceding that first try, Wales have been defending pretty well in their structure and look pretty good.
They just need to start listening to Hollie Davidson when she warns the jacklers about going in and they can stop giving away these needless penalties.
But they're looking good.
Wales 7-10 New Zealand
Gareth Davies
Former Wales fly-half on Cymru Fyw
That is a massive frustration during the autumn for Wales. They've given so many opportunities to the opposition due to their discipline.
Wales 7-10 New Zealand
An All Blacks handling error ends the attack, one that started with a poor pass from scrum-half Cortez Ratima off the line-out.
New Zealand haven't been at their slickest while Wales are showing plenty of tenacity.
Wales 7-10 New Zealand
Wales are penalised again in midfield and Hollie Davidson gives captain Dewi Lake a warning.
Damian McKenzie opts to kick for the 22 this time.
Wales 7-10 New Zealand
Gareth Delve
Former Wales international on BBC Radio Wales
A big factor last week for New Zealand was that they destroyed England's line-out.
If they do that again today and push Wales down to 60% figures at the line-out, it's going to be a very tough day for Adam Beard and Dafydd Jenkins.
Wales 7-10 New Zealand
So close for Wales!
They claim the line-out then hammer away in the 22. It looks like loose-head prop Rhys Carre was in but a great tackle and jackal by New Zealand tight-head Pasilio Tosi to win a penalty that relieves the pressure.
