The plant, found in Baja California, Mexico, has been christened Dudleya hendrixii , or "Hendrix's liveforever."
The plant near to the central city of Puebla will have a production capacity of 150,000 cars a year.
The US$1 billion plant is located in San Luis Potosi, a state in central Mexico that is close to the country's industrial heartland and the U.S. border, and is expected to produce 150,000 cars a year.
The plant in San José Chiapa in central Mexico will produce the gasoline-powered Q5 at first, but plans to introduce the electric version in the near term.
Pemex said in a statement that some workers were still missing, but did not specify a number.
The plant will begin production in 2017, and will produce passenger and light truck tires, mostly for the North American market but also for Europe and Asia.
Mexico has for years explored ways to increase its nuclear capacity but has not taken concrete steps to build additional reactors.
The company announced that the equipment will be relocated to other Grupo Rotoplas plants in Brazil in order to optimize expenses and maintain the profitability of the business.