A novel nitrogen‐containing electroluminescent copolymer, PQV‐alt‐MOPPV has been designed and synthesized by Wittig‐Horner polymerization. Structure, thermal stability, and optical and electrochemical properties of the resulting copolymer were characterized by FT‐IR, 1H NMR, elemental analysis, GPC, DSC, TGA, UV‐vis, PL, EL, and CV. The copolymer possesses excellent solubility in common organic solvents and good thermal stability. The absorption maxima of the copolymer in solution and a thin film are 490 and 516 nm, and the photoluminescence maxima in solution and thin film are 571 and 629 nm, respectively. The PLED (ITO/PEDOT: PSS (40 nm)/PQV‐alt‐MOPPV (80 nm)/Ca (30 nm)/Al (150 nm) shows a very pure red light emission with maximum peaks around 618 nm.magnified image