Conjugated polymers (CPs) with deep LUMO energy levels (E LUMO s) are essential for developing n-type organic electronics. However, few approaches can markedly lower the E LUMO s of CPs. Herein, this issue is addressed by the introduction of a quinoidal building block into the polymer chain. Two CPs, PIQ-A and PIQ-O, are synthesized based on an indandioneterminated quinoidal unit, with alkyl or oligo(ethylene glycol) side chains on the comonomer, respectively. The CPs show ultralow E LUMO s of ca. −4.30 eV, which is lower by 0.75 eV compared to the analogous polymer with aromatic conjugated structure. The deep LUMO energy levels endow the CPs with unipolar n-type transport behavior in organic thin-film transistors and efficient n-type doping in organic thermoelectrics, with doped PIQ-O showing an optimized electrical conductivity of 0.43 S cm −1 and a power factor of 4.24 μW m −1 K −2 . Importantly, the electrical conductivity of doped polymer thin films (∼50 nm) barely changes after a 7 day exposure to air, and the doped PIQ-O film shows an electrical conductivity of 0.39 S cm −1 even after a 15 day exposure to air. This work provides a new approach to develop CPs with ultralow LUMO energy levels, toward high-performance and potentially airstable n-type organic electronics.