In this work, a Fe-0.25C-3.0Mn-1.5Si-0.023Al-0.015Cr (wt. %) steel was subjected to the Q&P treatment, and its mechanical behavior and microstructure evolution during drop weight impact testing and quasi-static punch testing were thoroughly analyzed. It is shown that the 1 mm thick Q&P steel sheet can withstand 110 J impact energy without any (micro) cracking, which is well above the impact resistance of DP 1180 steel. The local true plastic strain can reach 53.4% in biaxial stretching showing excellent formability of the material. The microstructure