Based on the static resistive network investigated in Part 1 of this series, the resistive network model of the weft-knitted strain sensor with the plating stitch is explored under the elongation along course direction, and it changes with the conductive loops’ configuration and contact situation. Since the voltage is applied at both ends of the course, under a specific stretching state, the resistive network model can be reduced to a resistance network connected in series in the course direction and parallel in the wale direction, which determines that the sensor’s equivalent resistance increases with the growth of the conductive wale number, and decreases with the raise of the conductive course number. Through experiment and model calculation, it can be obtained that in the initial stage of stretching, the contact resistances’ changes are the main factors affecting the mechanical–electrical performance of the sensor. Then as the sensor is further stretched, the length-related resistances of the conductive yarn segments begin to affect the sensor’s properties due to yarns’ slippage and self-elongation. In addition, the weft jacquard plating technology makes the strain of the sensor reach about 32% before yarns’ slippage and self-elongation, which expands the sensor’s measurable strain range, and avoids irreversible deformation of the sensor after repeated use in this range. It can be verified that the sensor’s gauge factor can be improved by reducing the conductive course number and increasing the conductive wale number. It should be noted that the ground yarn will reduce the gauge factor of the sensor during stretching, so it is necessary to choose a ground yarn with a smaller fineness than the conductive face yarn and good elasticity in practical.