The invention discloses a Q&P steel plate with the high strength-elongation product and excellent welding performance and a preparing method thereof, and belongs to the technical field of cold-rolledsteel production of automobiles. The steel plate comprises the following chemical components of, in percentage by mass, 0.17%-0.21% of C, 1.80%-2.20% of Si, 2.10%-2.40% of Mn, 0.03%-0.05% of Nb, 0.008%-0.020% of Ti, 0.025%-0.045% of Als, less than or equal to 0.020% of P, less than or equal to 0.0030% of S, and the balance Fe and inevitable residual impurities. The preparing method comprises the steps of steel-making, continuous casting, hot rolling, acid pickling, cold rolling and continuous annealing. The Q&P steel has the characteristic of excellent mechanical property, the yield strength greater than or equal to 600 MPa, the tensile strength greater than or equal to 1000 MPa, the elongation percentage greater than 20%, and the strength-elongation product greater than or equal to 22GPa%. According to the Q&P steel plate with the high strength-elongation product and excellent welding performance and the preparing method thereof, the Q&P steel with the high strength-elongation productcan be obtained at a relatively low partitioning temperature, and the requirement for process equipment is low, thus being suitable for the production of an existing continuous annealing production line.