Orogenic peridotite is an important component of orogenic belts and retains crucial information on mantle magmatic activity, slab subduction, and melt or fluid metasomatism. To determine the source of the mantle‐derived parental magma of the peridotite and to investigate the metasomatism that it experienced, we undertook an integrated study of the petrography, whole‐rock major‐ and trace‐element compositions, in situ zircon U–Pb geochronology, and mineral major‐ and trace‐element compositions of an early Paleozoic ultramafic complex in the North Wulan area of North Qaidam. The Halihatu ultramafic–mafic complex is composed of dunite, pyroxene peridotite, and gabbro, which are characteristic of Alaskan‐type complexes. The dunite yields a weighted mean 206Pb/238U age of 479 ± 5 Ma (MSWD = 0.7), which reflects the age of the metasomatism rather than the crystallization age of the ultramafic magma. The peridotites have high Mg# (89.8–91.8) and Cr contents (2419–5190 ppm), low Al2O3 (0.20–1.68 wt.%) and Ni (289–1012 ppm) contents, and high olivine Fo contents (87–91), suggesting a large degree (~15%–22%) of partial melting of lithospheric ultramafic rocks followed by variable degrees of fractional crystallization of olivine and pyroxene. This is consistent with estimates of 15%–22.3% partial melting calculated using the Cr# of spinel crystals and with the low Yb (0.04–0.33 ppm) and Y (0.72–1.29 ppm) contents of clinopyroxene crystals. Whole‐rock trace‐element patterns show enrichment in large ion lithophile elements and depletion in high field strength elements, along with high Al2O3 (2.10–6.47 wt.%) and low TiO2 (0.01–0.21 wt.%) contents of clinopyroxene crystals, suggesting an arc magma cumulate trend. These features, along with the high olivine Fo contents (87–91 ppm), imply that the Halihatu peridotite is an Alaskan‐type crustal cumulates derived from Mg‐rich hydrous basaltic melts. The high estimated fO2 (FMQ +1.97 to FMQ +3.81) further supports the idea that they formed in an arc setting. The Ni/Co and Ni/Mn ratios and cumulate textures of the olivine, quenched boundaries between mafic and felsic melts, and the occurrence of tremolite and phlogopite reflect interactions between the Halihatu peridotite and injected silicate and carbonatitic melts in the lower crust. Therefore, we propose a new cumulate‐infiltration model for the petrogenesis of Alaskan‐type ultramafic complexes, which improves our understanding of the nature of Alaskan‐type continental arc root.