Captain Warburton and star full-back Halfpenny both missed the 17-13 win over Fiji at the weekend but make their comebacks to a Welsh side that is largely unchanged from their first November international against Australia.
Davies' inclusion represents the only change from that 33-28 defeat to the Wallabies earlier this month, as he returns from an injury picked up with Clermont to partner Jamie Roberts in midfield.
Rhys Webb and Dan Biggar feature for Warren Gatland at nine and 10 respectively while Halfpenny joins George North and Alex Cuthbert in the back three.
Gatland names the same starting pack from the loss to Australia with Warburton featuring alongside Dan Lydiate and Taulupe Faletau.
Liam Williams and Justin Tipuric - who both impressed in the underwhelming victory over Fiji - are forced to settle for places on the bench.
"It's pretty much the same side that played against Australia and it's a boost to have a few players back from injury," Gatland explained.
"It's one of the most experienced teams we have put out.
"A couple of decisions have been forced upon us. Gethin Jenkins has a hamstring strain, Bradley Davies hasn't trained for the first couple of days and Liam Williams had a bit of ankle knock at the weekend - it was a big call on him but he will start on the bench.
"We are expecting another clinical performance from the All Blacks. We need to match their intensity and aggression.
"The players are obviously excited about the opportunity to face the number one side at a packed Millennium Stadium. We have named an experienced team and we are really looking forward to it."
Team in full: Leigh Halfpenny (Toulon), Alex Cuthbert (Cardiff Blues), Jonathan Davies (Clermont Auvergne), Jamie Roberts (Racing Metro), George North (Northampton Saints), Dan Biggar (Ospreys), Rhys Webb (Ospreys), Paul James (Bath), Richard Hibbard (Gloucester), Samson Lee (Scarlets), Jake Ball (Scarlets), Alun Wyn Jones (Ospreys), Dan Lydiate (Unattached), Sam Warburton (Cardiff Blues, captain), Taulupe Faletau (Newport Gwent Dragons).
Replacements: Scott Baldwin (Ospreys), Nicky Smith (Ospreys), Rhodri Jones (Scarlets), Luke Charteris (Racing Metro), Justin Tipuric (Ospreys), Mike Phillips (Racing Metro), James Hook (Gloucester), Liam Williams (Scarlets).