What is this part? Was inside engine cover with stator coil
 

What is this part? The previous owner of the kart butchered the wiring. Was inside engine cover with stator coil.
It was from a kandi 110cc gkg-2 go kart. Its a Chinese engine, and has 2 sets of wires coming out of the engine cover. One is for the Magnetic Stator coil. I have no idea what the other is.

I post 3 images. 2 are of the part in question. 1 is of the opening that the part goes inside of.

Any help is greatly appreciated.

It looks like the indicator switch telling you what gear your in.